Landlords’ optimism of getting B2L finance at all-time high
Landlords’ views on the availability of buy-to-let mortgage finance have reached the highest post-crisis level according to a survey by Paragon Mortgages.
The survey of 200 landlords revealed that 44 per cent of landlords felt buy-to-let finance was readily available in the first quarter of 2014, up 2 per cent from the same period a year earlier.
It also represents the highest level since the survey was first conducted in 2010.
The lowest level seen since the survey began was in the first quarter of 2011, when just 17 per cent of landlords felt that finance was readily available for buy-to-let borrowers.
Paragon Mortgage managing director John Heron says: “The availability of buy-to-let finance is vital to a healthy and competitive private rented sector.
“As the market has recovered we have seen the general improvement in confidence reflected in how landlords are feeling about the availability of buy-to-let finance.
“As we progress through 2014 I believe we will continue to see further growth in the private rented sector, greater confidence in buy-to-let lending and more innovation from buy-to-let lenders.”
Article courtesy of Mortgage Strategy