The BTL or Buy-to-let market is favorable to those who could not yet afford to make their first step forward on the property ladder.
Occasionally a commentator or a politician will propose that the buy-to-let investor is the culprit in the housing market of UK. “Discourage buy-to-let” they say, and our housing problems will then be resolved.
In actuality, buy-to-let helps to resolve housing problems for millions of both young and elder people. If buy-to-let investors were to leave the market, it would almost definitely produce an actual crisis for those people who are looking for a place that’s decent enough to live.
The population growth in UK is also one of the reasons why there is housing scarcity. For most parts of the country, this has led to increasing house prices and in various areas mainly in London; prices have increased to levels which are too expensive for many.
What buy-to-let offers is an inexpensive housing for the large amount of people who don’t have the funds to get on to the property ladder, as well as for those who wants to move after some time and do not want to a long-term contract.
Social housing is in limited supply, so without the buy-to-let investors, where would these people reside?
Modern landlords are eager to invest in developments to their properties. By making their properties more attractive, they can promptly draw suitable tenants and make sure that the value of their properties is improved.
Criticism of buy-to-let is also often based on a complete misconception of what modern-day landlords are like.
