Buy to Let boom Set to Continue, According to Mortgage Brokers

According to mortgage brokers, the buy-to-let boom is set to continue, with landlords predicted to buy more properties in 2012.

Interestingly the number of first-time investors in this sector is also growing, with newbie landlords making up around 23% of the buy-to-let market.

While life is still tough for first-time buyers and home owners, with mortgage rates rising and cheap interest only loans increasingly difficult to find, the buy-to-let market continues to boom.

Over a fifth of of brokers’ business in the first quarter of 2012 were mortgages for landlords, according to the buy-to-let specialists, Paragon. A recent FACT survey from Paragon also revealed that nearly 80% of brokers expect the buy-to-let market to continue to grow in 2012.