Mortgage advisers expect the industry to grow to its highest level in eight years, despite the Bank of England's succession of rate hikes.
On average, brokers predict business will increase by more than six percent over the year, the highest expected rise since 1999, according to research by Paragon Mortgages, a UK but-to-let mortgages provider.
Nearly 70% of financial advisers said recent interest rate hikes would have either no effect or a positive effect on their predictions for business levels over the next year.
Separate research by Paragon Mortgages shows 43% of buy-to-let investors would take no action as a result of rising rates. However, 28% said they would re-mortgage, while over 12% said they would invest in more properties as a result.
To comment on this story contact:
Tel: 0207 034 2679
e-mail: [email protected]IFAonline
Moves to overweight equities and fixed income
The Big Interview: Focus on ethical investment
View from the front row
'No control or oversight'
359 new customers in 2018