Remortgaging to play bigger role in buy to let

According to Mortgage Trust’s March 2005 buy-to-let intermediary forecast, intermediaries say that while they still anticipate most of their buy-to-let business (43%) to consist of loans to landlords adding to their existing portfolios, they have also raised their forecast for levels of remortgage business from 38% in December to 40% in March. Mortgage Trust says this could be because a large number of attractive deals are coming to the end of their discounted term, and in the absence of extended redemption charge structures, moving to another attractive deal with another lender could be ...