Demand For Buy-To-Let Residential Mortgages Increases

Posted: Apr 16, 2010 |Comments: 0 |

An increasing number of landlords are looking to acquire properties with buy-to-let residential mortgages, if recent suggestions are anything to go by.

The Paragon PRS Trends Report has reported a rise in the number of landlords who intend to make a purchase, with 12% stating they plan to acquire buy-to-let property in the second quarter of the year.

In comparison to this 10% of landlords stated they would look to purchase in the first quarter of 2010 when surveyed in the previous PRS Trends.

Terraced housing proved to be the most popular type of property for another year, followed by semi-detached housing and flats.

However, it also suggested access to buy-to-let finance for residential property remains a serious issue.

Three out of ten landlords said they attempted to secure buy to-let finance for purchase or remortgaging purposes during the first quarter and 82% found it more difficult to gain finance than it had been in the previous quarter, with just 7% stating that it was easier.

The Paragon Group is a mortgage origination company and specialist loan servicer for third parties.
An increasing number of landlords are looking to acquire properties with buy-to-let residential mortgages, if recent suggestions are anything to go by.

The Paragon PRS Trends Report has reported a rise in the number of landlords who intend to make a purchase, with 12% stating they plan to acquire buy-to-let property in the second quarter of the year.

In comparison to this 10% of landlords stated they would look to purchase in the first quarter of 2010 when surveyed in the previous PRS Trends.

Terraced housing proved to be the most popular type of property for another year, followed by semi-detached housing and flats.

However, it also suggested access to buy-to-let finance for residential property remains a serious issue.

Three out of ten landlords said they attempted to secure buy to-let finance for purchase or remortgaging purposes during the first quarter and 82% found it more difficult to gain finance than it had been in the previous quarter, with just 7% stating that it was easier.

The Paragon Group is a mortgage origination company and specialist loan servicer for third parties.

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