The number of people taking out buy-to-let mortgages could be set to increase, as new research has found intermediaries are optimistic about the prospects for this sector over the coming months.
Carried out by the Intermediary Mortgage Lenders Association (IMLA), the survey revealed 56 per cent of those questioned are expecting to see a rise in business of this type.
According to the poll, just 12 per cent of respondents anticipate that these deals may decline in 2012 and John Heron, chairman of the IMLA – which is a trade association established in 1998 – noted more focus on the private rented sector is resulting in a rise in profile for the buy-to-let industry.
Mr Heron stated: “For landlords, an intermediary can provide invaluable support during the process of finding the right mortgage and right mortgage lender for their needs.”
The industry figure added many people do not realise the benefits to be had through professional mortgage advice, adding these advantages are often not rated as highly as they should be and need to be better communicated.
