64% of brokers predict increase in buy-to-let business
Posted by Sue Hopson
The eurozone is in turmoil, share prices are struggling and the country is in a double-dip recession, but one industry still seems to offer good potential for investment - the buy-to-let sector.
And as current and prospective landlords alike look to benefit from the demand for rented property, it is unlikely to come as much of a surprise that the Nationwide Building Society has found 64 per cent of mortgage brokers expect to do more business in buy-to-let lending this year.
"The positive outlook of professional landlords is reflected in our findings that the vast majority of brokers predict they will buy more properties in 2012," said Ian Andrew, managing director of group intermediary sales at Nationwide.
With 71 per cent also predicting that the number of first-time landlords will increase in 2012, it seems that optimism is strong in the private rental sector following the end of the stamp duty holiday, and residential lettings agents may also experience an increase in business as a result.
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