More BTL owners seek mortgages - Mortgages Direct

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The number of buy-to-let investors has increased by 50% since last month as a result of a buoyant rental market and may also be linked to pension reforms regarding sipps, reserach reveals.

Mortgages Direct has released index figures suggesting the number of buy-to-let investors in the market is climbing as 12% of people seeking mortgages last month required buy-to-let mortgages compared to just 8% the previous month. Peter Gladdy, director of Mortgages Direct, says: “The rental market is fairly buoyant in this current climate, with many potential homeowners sitting on their hands waiting to see which way the prices will go and therefore opting to rent instead.” Although there is no firm evidence to prove it at this stage, Gladdy also suggests the sudden increase in buy-t...

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