Number of inexperienced landlords to 'increase'

05-Jan-2007

First time buyers could be increasingly looking to invest as research shows the number of inexperienced landlords is steadily increasing.

According to a study by the Residential Property Tribunal Service (RPTS), around 20 per cent of landlords are inexperienced, a figure that is reflective of the increasing number of first time buyers looking to rent rather than buy, reports City Wire.

To find out how to get onto the property ladder by buying to let somewhere else click here.

However, the RPTS is concerned that inexperienced landlords may be unable to effectively resolve any tenant disputes that may arise.

"We are concerned that there is a new generation of novice tenants and landlords who, faced with a potentially stressful dispute involving their property, simply do not know where to turn," said Michael Ross, chief executive of RPTS.

In related news, around 70 per cent of mortgage intermediaries predict the buy-to-let market to continue its steady expansion throughout 2007, according to research published by the Mortgage Trust.

For advice on first time buyer mortgages or to find out how much you can borrow and how much it would cost you, contact a good mortgage broker.

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