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Six in Ten Mortgage Brokers Say Buy-to-Let Borrowing is Rising

Posted by on September 10, 2013

More than half of mortgage brokers (61%) say that buy-to-let business is increasing. Buy-to-let mortgages are already around 22% of their total business, but 18% of mortgage brokers expect this to rise another 10%. According to specialist lender Paragon’s latest survey of mortgage brokers, there were no respondents expecting to do less buy-to-let business.

The majority of intermediaries surveyed (81%) said they would describe the current level of landlord demand as strong or stable. Just 10% said that in their view demand was weak.

Mortgage intermediaries were also asked for their views on what factors they thought would be most important for the prospects of the private rented sector in the next 12 months. Two-thirds (70%) said rental demand, 67% said interest rates and 66% said buy-to-let mortgage availability.

Let Alliance comment:

Supplying specialist Landlord Buildings & Contents for Financial Intermediaries is of utmost importance to Let Alliance. If you are Directly Authorised and would like access to our products please register for your Let Alliance agency. Appointed Representatives, please check with your Network principal to arrange your agency.

For more information, please contact our Intermediary Team on 0845 873830 who will be happy to answer your questions.

Source: http://www.lettingagenttoday.co.uk/news_features/Six-in-ten-mortgage-brokers-say-buy-to-let-borrowing-is-rising.

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