Brokers expect 2015 B2L surge
However over half (53%) think the Mortgage Market Review will have an adverse effect on property finance in the short to medium-term.
Mark Posniak, head of sales & marketing, Dragonfly Property Finance, said: “Although they believe the new mortgage rules will make for a slightly more conservative lending environment, overall there’s a lot of confidence in the market right now.
“Brokers, quite clearly, are backing buy-to-let to outperform during 2015 and believe that the broader residential market will also continue to rise.”
Seven in 10 (70%) brokers became more comfortable accessing alternative finance in2014r, while three quarters (74%) expect property prices to increase in 2015.
Posniak added: “What’s also encouraging is that more than two thirds of brokers are now much more comfortable with alternative property finance — this demonstrates exactly how much this area of the market has matured in recent years.
“The lenders that emerged in the aftermath of the GFC have shown they are in it for the long-term and this is clearly generating a lot more trust in the broker community.”