Mortgage brokers predict buy-to-let increase

The buy-to-let mortgage market is gathering pace and almost half of mortgage brokers expect to see more people trying to access the best buy-to-let mortgage rates.

Paragon Mortgages' Financial Adviser Confidence Tracking Index FACT, found that 46 per cent of intermediaries expect to introduce more buy-to-let business during the year.

The FACT research reported that 51 per cent of mortgage brokers saw an improvement in the availability of buy-to-let finance during the final quarter of 2010, with 46 per cent expecting a further improvement during the first quarter of 2011.  

John Heron, Paragon Mortgages' managing director, said: "We are clearly now in a more buoyant phase for the buy-to-let market - 2010 was the turning point for the sector and it enters this year on the front foot and with confidence."

He added that the buoyant buy-to-let market should attract a greater number of lenders and borrowers looking for the best mortgage rates to the market.

Paragon recently rejoined the buy-to-let market, offering a wide range of products with some of the best mortgage rates on the market.
 

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2011-01-26 13:58:27 © Moneyextra.com