The parliamentary private secretary to the housing minister said: “Where would we be without UK landlords? The answer is in real, real trouble. They are absolutely vital to the Government’s housing plans and supporting the economy.
“I think the future of the private-rented sector is bright, it can only expand and play a greater role in providing housing in the UK.”
David Salusbury, chairman of the National Landlords Association, said: “A diverse housing mix in the UK is to be encouraged and the private-rented sector will play an increasingly important role in providing homes in the UK.
“It currently makes up 14% of all households and we expect this to rise as people move away from homeownership towards more flexible forms of accommodation.”