Landlords offered help with regulations

Landlords in the capital and across the UK have been encouraged to take advantage of the regulative guidance available to them.

The Residential Landlords Association (RLA) acknowledged that buy-to-let landlords often find themselves traversing a "minefield of regulation and legislation".

However, the industry support group noted that there are numerous support and training schemes available to help fledgling landlords maintain the necessary standards while also saving money.

"The RLA provides training through courses and through knowledge based website training," commented RLA chairman Lee Dribben. "Landlords need all the resources they can acquire as they daily deal with a minefield of regulation and legislation."

He added that taking a 'wait and see' approach to licensing changes is a crucial part of negotiating the market, but emphasised that landlords must keep contingencies in place to ensure they are prepared for new regulations.

"Most importantly, learn!" Mr Dribben concluded.

Recent figures show that average total returns for buy-to-let investors were 16.3 per cent last year, up from 13.5 per cent in 2006.

Published 14th March, 2008

© 2008 Estates IT Limited

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