Brokers see landlord optimism grow

by Aaron Strutt

Nov 11 2011

Paragon Mortgages have conducted a survey of the intermediary mortgage market and the results are positive for the growth of the buy-to-let sector.

The survey shows that during the third quarter of this year, some 42% of mortgage brokers reported that their buy-to-let clients were looking to add to their property portfolio.

When brokers were asked how they would describe the current level of landlord demand, 26% said it was strong or very strong and 45% described it as stable.

John Heron, managing director of Paragon Mortgages, said: “There is incredible pressure now on rental stock. Lettings agents in many regions are reporting that they simply do not have properties available for an increasing number of potential renters.

“In order to meet this increasing level of demand, landlords need to continue to grow their portfolios.”

11 November 2011