'Rational approach' to buy-to-let recovery needed

There needs to be a 'rational approach' taken by landlords to any recovery in the buy-to-let sector, experts have stated.

The Residential Landlords Association (RLA) has indicated that there are still many opportunities for shrewd landlords in the sector.

However, Alan Ward, chairman of the RLA, suggested that the number of buy-to-let mortgage options should not be talked up and calm is needed in the market.

He said: "The question is more about the cost of the products and the serviceability of the borrowings from rent and not from capital growth which is what burst the bubble of buy-to-let."

Mr Ward went on to say that with around 500 buy-to-let mortgage products on offer, there is "hardly a poor choice" for landlords.

Research from Mortgages for Business recently claimed that there has been an increase in the percentage of new buy-to-let mortgages compared to remortgages since the start of the year.

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