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Brokers bank on more buy-to-let growth

Posted by on April 16, 2013

Source: www.mortgagesolutions.co.uk

Four-fifths of mortgage brokers expect to see growth in the buy-to-let market this year, according to research compiled by Blemain Finance.

Its poll of brokers and introducers found that 83% of those questioned expected to see growth in the buy-to-let market in the next 12 months.

By comparison, just 44% expected more business from the first-time buyer sector in the next year.

When asked about what sectors had provided an increased level of business in the last six months nearly half of respondents (45%) said that buy-to-let had performed best, followed by secured loans (39%).

Gary Bailey, sales & marketing director at Blemain Finance, said: “There’s no doubt that any recovery in the housing market will be a gradual one.

“We’ve already seen a number of leading indices recording a much anticipated return to house price growth, although still only small increases at this stage.

“The findings from our own survey show that more and more borrowers feel able to invest in buy-to-let as well as utilising equity in existing property. This is perhaps an even better indication of confidence returning to the market.”

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