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.
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