There were some interesting statements made this week by the manager of Clarity Commercial, Chris Jenkins. And I must admit I agree with a lot of what he had to say.
The first thing he talked about was the way seasoned property landlords have a different take on things than the average person. He points to the number of these types of landlords who are continuing to expand their portfolio even as they are surrounded by doom and gloom news in the property sector.
Mr Jenkins claims this happens because experienced landlords are not panicked by the dire view of the immediate future. Most of these types of people are in this business for the long haul and realise that this time of low house prices is actually the ideal time to expand their property portfolio.
I agree with this view of things and assuming a landlord can get his hands on the necessary finance I think most experienced landlords recognise the soundness of this long term view.
The other point that Mr Jenkins made is that he believes that it is about time that the finance institutions of this country got their act together and made buy to let loans more readily available again. The lack of these loans is clearly, as I have discussed before, contributing to accidental landlords flooding this sector of the market.
Considering the fact that these financial institutions played a significant role in creating this mess in the first place it seems only fair that they help to drag us out of it. At the moment their policies seem to just be making things harder for buy to let landlords.
