Buy-to-let investors are responsible for over a fifth of all mortgage brokers applications, according to Paragon Mortgages.
Paragon’s July Buy-to-Let Index also claims buy-to-let investors are seeking better value from property compared with residential purchasers and rising rents have allowed rental yield to remain stable despite recent interest rate hikes. The report says around 21% of all mortgages dealt with by intermediaries are buy-to-let and the number of applications intermediaries are dealing with has increased, from 25 mortgages per office per month four months ago to 26.1 in July. John Heron, managing director of Paragon Mortgages, says: “The consistently strong returns from buy-to-let continue to a...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes