Broker trust and service key for would-be landlords
According to the research, conducted on behalf of Standard Life Bank, 83 per cent of landlords believe that IFAs and mortgage brokers provide a complete service package and give reliable advice relating to their investment. In addition to this, of the 500 landlords questioned, more than a third (34%) believe that using the expertise of an IFA or mortgage broker results in them getting better buy-to-let mortgage deals.
“The findings reflect the rising popularity of property among new investors looking to boost their income, invest for the future and fund more flexible lifestyles. Many of them already have full-time careers and simply can’t afford the time to shop around for the best buy-to-let mortgage package,” said Will Fraser, national sales manager at Standard Life Bank.
“Today’s would-be landlords would rather pay for professional advice in order to secure the best buy-to-let mortgage deal than shop around in their own time, with 60 per cent of landlords who use an IFA or mortgage broker saying they do so because they’re too busy to take on the research themselves.
“For today’s busy buy-to-let investors, sound, impartial advice from someone with an understanding of the entire marketplace is invaluable. The research shows that would-be landlords trust their adviser or broker to find the best buy-to-let package for their individual needs – which is an encouraging result for the advice industry.”