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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.

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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.”

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