The popularity of buy-to-let mortgages could be set to rocket, as it has been suggested that lenders are keener to offer deals to landlords than they are to make arrangements with residential property owners.
Lee Grandin, director at Landlord Mortgages, noted there has been a shift in the willingness of providers to lend to proprietors as opposed to other householders, with buy-to-let options proving more attractive than other types of home loan .
The industry figure said an increasing number of people are likely to consider becoming landlords in the near future, stating: “I think the market will start to increase proportionally more than any other mortgage sector. It is definitely a sector in the growth phase again.”
His comments come in response to new findings from Mortgages for Businesses, which showed three-in-five property investors are hoping to expand their portfolios in the next half-year, underlining the confidence seen across the sector.
Mr Grandin pointed out rents are likely to hold up well in the months ahead, as a short-term deficit of homes available to rent is expected to persist.
