2010 was a turning point for buy to let mortgages, says Paragon
www.moneynews.co.uk > Mortgages > 2010 was a turning point for buy to let mortgages, says Paragon
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Money News |
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2010 was a turning point for buy to let mortgages, says Paragon
Wed 26th Jan 2011
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Managing director of the company John Heron claimed the sector is likely to be full of confidence this year and will start out on the front foot.
"We are clearly now in a more buoyant phase for the buy to let market - 2010 was the turning point for the sector," he said.
Mr Heron cited the firm's Financial Adviser Confidence Tracking (FACT) index as evidence that there is likely to be more business for lenders over the coming 12 months, which could increase the number of financial institutions involved in the buy to let market.
Its recent FACT report showed 46 per cent of intermediaries believe they will introduce more lending options in 2011.
This month, Paragon reported that 41 per cent of landlords are planning on increasing rent levels this year.
Click here for more mortgages news
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