Paragon highlights confidence in buy to let mortgages
www.moneynews.co.uk > Mortgages > Paragon highlights confidence in buy to let mortgages
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Money News |
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Paragon highlights confidence in buy to let mortgages
Fri 15th Apr 2011
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John Heron, managing director of the company, described how landlord demand is "clearly strong".
He made his comments after the firm's Financial Advisor Confidence Tracking index showed that 46 per cent of respondents reported more buy to let mortgage transactions in the first three months of the year compared with the final quarter of 2010.
Mr Heron said: "These figures demonstrate intermediaries' growing confidence in buy to let. Nearly half of intermediaries reported an increase in business levels during the quarter."
Paragon Mortgages pointed out that the buy to let sector was one of the only areas of growth in the home finance industry last year.
According to the firm's research, one in ten landlords saw their rental income rise by up to two per cent in the first quarter of 2011.
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