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Students 'helped' by buy-to-let

29 June 2007
A booming buy-to-let sector helps students leaving home to attend university find a cheap place to live, according to the National Landlords Association (NLA).

Young people are able to "achieve their ambitions" because they are able to find affordable accommodation thanks to the private rental sector, said NLA spokesman Richard Gard.

The government's support to the buy-to-let sector indicates that it has "acknowledged" the contribution affordable housing makes to students looking for housing, Mr Gard added.

His defence of the buy-to-let sector comes shortly after the president of the Chartered Institute of Housing this week appealed to the government to abolish tax relief for buy-to-let landlords.

Paul Diggory claimed that buy-to-let landlords are making it more difficult for first-time buyers to buy as they are willing to pay higher prices for accommodation in areas favoured by both students looking to rent and late twentysomethings looking to buy a first home.

A study from consultancy Wrigglesworth this week showed that the value of the buy-to-let sector has grown by 30 times under Tony Blair's premiership to represent around ten per cent of the housing market.

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