Buy-to-let lender Paragon says it has seen a 'marked shift' towards buy-to-let activity among professional investors.
The organisation reports that this is shown by a higher proportion of advances made to corporate and complex landlords in the first six months of the year.
Lending to this demographic has increased to cover 72% of its buy-to-let division, up from 60% last year.
Paragon also reports that its total buy-to-let lending was up by 21% to £671 million in the first half of the year. Meanwhile, its pipeline of new buy-to-let mortgage business heading into the second half of the year is £788 million, up 6% when compared with last year.
The lender says it is well-placed to achieve its previously stated target for total mortgage lending in excess of £1.6 billion for the full financial year.
“Recent tax and regulatory changes have had a significant impact on the buy-to-let market driving a polarisation between smaller scale and more professional portfolio landlords and a retreat of some lenders from the provision of new products for portfolio landlords," comments John Heron, Paragon's managing director of mortgages.
A survey of landlords has found that 39% would like to...
Property investors are calling for the government to provide more support...
Two of Britain's most controversial landlords, Fergus and Judith Wilson, claim...
The production company behind Grand Designs and Escape to the Country...
When we talk in general terms about the UK housing market,...
The plight of the nation’s first-time buyers may be the focus...
Dog-owning house buyers who want to live in areas of abundant...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Let's be honest – landlords are the lifeblood of any letting...
.png)
I think we can all agree that the National Trading Standards...
Houses in Multiple Occupation are making up an increasing percentage of...
A lettings agency has been expelled from The Property Ombudsman scheme...
The government has written to Conservative MPs promising changes to the...
There’s been at most a one per cent reduction in landlords...
Tenant groups and charities reacted angrily over the Easter weekend to...
The government has written to Conservative MPs promising changes to the...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment