Buy to let consumer confidence growing, says Paragon
www.moneynews.co.uk > Mortgages > Buy to let consumer confidence growing, says Paragon
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Money News |
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Buy to let consumer confidence growing, says Paragon
Thu 14th Oct 2010
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Nigel Terrington, chief executive of the organisation, claimed that growth in rental demand means more properties are required on the market.
In his view, this factor combined with the return of several buy to let lenders - including Paragon - has led to a greater number of transactions of this type.
Mr Terrington's comments were made after the company published research showing buy to let mortgages accounted for 17 per cent of the deals carried out by intermediaries in the three months to the end of September.
"Landlord confidence has been building for some time and, as mortgage availability starts to widen, they are taking the opportunity to expand their portfolios," he explained.
This week, Paragon announced the appointment of Peter Shorthouse to the role of director of treasury and structured finance at the company.
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