Richard Lambert, the NLA's Chief Executive, said: "it's perhaps too soon to predict whether Help to Buy will have any real impact on the level of demand for private rentals, but these findings seem to confirm our belief that it will only affect the margins of the private-rented sector and that it doesnt't present a major concert for landlords at large."
The data, according to the NLA, found only fifteen percent of survey recipients agreed that the scheme "caused concern". According to the Government, the Help to Buy scheme has seen a dramatic uptake in the first few weeks. According to the data, around 2,000 applications have been made using the initative's website and around £365 million of supporting mortgages have been raised using the fund.
The NLA argue that "the private rented sector will play a vital role in meeting the housing demand and in the medium, if not long, term it is likely that renting for longer periods will become a normal part of our housing biographies. As such, the priority of the NLA is to ensure that rented homes are both enjoyable places to live and viable places to invest.
The survey findings, entitled Effective Letting, reports "the debate around Help to Buy is currently centred on whether the scheme will create another housing bubble. However, this conversation is itself driven by the much bigger issue at hand: the fact that there are simply not enough homes for people, regardless of whether they want to rent or buy."
