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Mortgage brokers report strong buy-to-let demand
A survey of financial advisors has reported that the majority expect to do more buy-to-let business in the coming months.
Paragon Mortgages’ Financial Advisor Confidence Tracking Survey found that during the first quarter of 2015, 91% of intermediaries viewed demand from landlords as stable or growing.
Over half of participants said that they expect the number of buy-to-let mortgage cases to remain the same during the second quarter.
Meanwhile, 45% said they expect to write more buy-to-let business this quarter.
Paragon also reports that in the first three months of the year, 23% of intermediaries’ business was buy-to-let related, 18% was for first-time buyers and 35% concerned remortgaging.
“Intermediaries are feeling optimistic about the buy-to-let market. Following the results of the General Election, it will be interesting to see whether we see an increase in intermediaries’ case load as confidence increases in the wider housing market,” says John Heron, Director of Paragon Mortgages.
