Michael Clarke 2Specialist lender, Paragon, has conducted a survey of mortgage brokers and has found there is indeed growth in buy to let borrowing.

The expectation is for this to grow rather than recede over the coming months as experienced and new landlords alike see the value of investing in property over conventional investments and savings.

The findings suggest that over 60%* of mortgage brokers are seeing their buy to let business increasing, which is already around 22% of total business*.

The vast majority, over 80%* are describing the demand from buy to let investors wanting mortgages as strong or stable.

The availability of buy-to-let mortgages at this time of low interest rates, high rental demand and positive movement in property price makes this a fantastic time to become a landlord or increase your portfolio with, yields of around 5% up to 9% achievable on rental property and long term increase in the value of the property making this the right time to get in.

If you would like advice on becoming a landlord and finding a suitable buy to let investment please call 01252 514000 to speak to Mackenzie Smith Lettings and Management, or contact any of our offices and we will be pleased to assist.

 

*source. http://www.lettingagenttoday.co.uk/news_features/Six-in-ten-mortgage-brokers-say-buy-to-let-borrowing-is-rising