Mortgage brokers are seeing stable or growing levels of demand from landlord and property investor clients.
Paragon Mortgages’ latest Financial Advisor Confidence Tracking Survey reports that in Q1, 91% of intermediaries surveyed viewed landlord demand as stable or growing.
This is compared with just 7% of participants who said demand from landlord clients was weak.
Over the next few months, 53% of those surveyed said that they expect the number of buy-to-let mortgage cases to remain stable.
Just under half (45%) said they expect to write more buy-to-let business this quarter.
Broken down, during the first three months of 2015 23% of brokers’ business was buy-to-let related, 18% was for first-time buyers and 35% was to do with remortgaging.
John Heron, Director of Paragon Mortgages, commented: “There were no great movements in this quarter’s survey findings, what is evident though, is 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.”
Paragon’s full Q1 Survey can be viewed here.
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The future appears to be looking bright for buy-to-let! Excellent news for potential landlords who were unsure about the markets growth. People are finally starting to realise what a lucrative business letting out your property can be too!
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