There will be more people taking out buy-to-let mortgages in the near future.
David Whittaker, managing director at Mortgages for Business, thinks this option will make up a “higher proportion” of the overall market.
He noted this change has been happening in the fourth quarter of the year and it will continue into 2012.
“Historically, it ran at about 13 per cent of the market, but dropped as low as eight and a half or nine per cent of the market in 2009,” Mr Whittaker added.
The specialist went on to note that the recent increase in the sector is merely a rebalancing of the “status quo relationship”.
Landlords who are considering expanding their collection may seek out a buy-to-let mortgage deal.
Those who want to make this move could be interested to know Paragon Mortgages has picked up the accolade for best buy-to-let portfolio lender at the Your Mortgage 2011-12 Awards.
John Heron, managing director of the firm, stated the company offers a “tailored” approach to home ownership that has been developed over a number of years.
