View more on these topics

Half of brokers say BTL sales have risen

A total of 47% of brokers believe that buy-to-let enquiries have risen over the last three months, The Mortgage Alliance November Distribution Indicator shows.


Phil Whitehouse, head of TMA, says: “Buy-to-let remains a key sector in the marketplace and after a few torrid years it has been good to see it rebuild some solid foundations which now appear to be translating into increased enquiry levels for the intermediary market.

“The emergence and return of some specialist lenders has certainly worked to instill much needed confidence in this sector, as reflected in the way respondents are more positive looking forward than they were this time last year.

“In addition lenders such as The Mortgage Works and BM Solutions continue to illustrate their commitment to the intermediary market but it’s clear that the BTL market still has some way to go. It’s important that any progression should not be rushed and be allowed to grow organically.

“However, in a market where access to home-ownership is still proving extremely difficult, the private rental sector will continue to benefit from high levels of demand for good quality housing thus ensuring more opportunities will continue to arise for intermediaries.”



Open up FTB deals or face stagnation

Despite figures released last week by the British Bankers’ Association showing gross mortgage lending had fallen to its lowest level since February 2001, talk of the market rapidly declining may be premature if visitors to our sister site Moneysupermarket. com is anything to go by. Although our mortgage channel saw a decline in visitor numbers […]

Charities’ support for MMR cannot be taken seriously

I was interested to read on Mortgage Strategy Online that Shelter and the Citizens Advice Bureau are supporting the MMR. I doubt the charities’ spokespeople have the insight to see the true implications of these proposals. Of course the charities want to see an end to irresponsible lending, which has already happened, but they will […]


News and expert analysis straight to your inbox

Sign up