Buy to let mortgage lending 'could increase'

05 May 2010

Written by Simon Whittaker.

Those looking for a buy to let mortgage may be interested to know that brokers are expecting lending to increase in the second quarter of this year.

The Financial Adviser Confidence Tracker, a survey conducted by mortgage provider Paragon, has showed brokers expect to see 6.7 per cent more business in the next few months.

A quarter of respondents predict more than a ten per cent rise in activity as lenders reduce rates and make it easier for people to take out a loan.

Another 33 per cent of brokers thought an increase of up to ten per cent in business could be expected with around a third believing it would remain unchanged and only five per cent forecasting a decrease in activities.

This is the fifth quarter in a row that the Financial Adviser Confidence Tracker has received an optimistic response.

Moneyfacts.co.uk recently said that mortgage rates were the lowest they had been all year.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.