Long-term landlords have never had it better, says expert

Long-term investors in the buy-to-let sector have "never had it better", according to one industry body.

Mark Garner, managing director at LettingZone, said low interest rates mean those who invested in property some time ago are now benefiting from a "really good" cash flow.

However, the situation is not quite so promising for those who have invested in the past three years, the expert suggested.

Figure from a report by consumer advice service IVA.com have revealed a 53 per cent increase in the number of residential landlords seeking debt advice.

According to the report, the typical debts ranged between £163,000 and £201,000.

Mr Garner claimed the majority of landlords in financial difficulty are those who are new to the market.

"Those people who bought property in the last three years, [...] if they didn't really have the cash flow there to maintain it then obviously they have got problems now and, if they were reliant on capital growth, they have desperately got problems," he said.

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