34pc expect B2L demand to strengthen
John Heron, director of Paragon Mortgages, said: “While we are not expecting 2013 to reach the heights of pre-recession times our survey has shown that intermediaries are seeing a quiet return to confidence on the part of their buy-to-let landlord clients.
“I’m also pleased to see that investors are recognising the increasing availability and variety in the mortgage market and that this is resulting in increased business for intermediaries.”
When surveyed by Paragon intermediaries reported an increase in confidence in the mortgage markets with 57% saying that they believed that the availability of buy-to-let finance had improved in the current quarter – a substantial increase from 47% on the previous quarter.
And more than half (51%) believe that it will improve going forward up from 46%.
The report also revealed that business is growing for intermediaries with half of those questioned saying business levels were higher in Q1 than in Q4 2012.
Intermediaries are also feeling confident of further improvement going forward with 63% saying that they expect to do more buy-to-let business in the next 12 months and 18% saying they expect to do in excess of 10% more business.