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A great time for buy-to-let, say mortgage brokers

A great time for buy-to-let, say mortgage brokers

Confidence in the buy-to-let market is soaring, a survey by mortgage club The Buy to Let Business has confirmed.
The survey asked 200 brokers whether they think now is a good time to invest in buy-to-let, with 95% answering yes.

When asked how confident they were that the buy-to-let market will grow over the next 12 months, 29% said they were extremely confident, 62% were relatively confident and 9% were neutral. Not one broker said they were not confident.

Brokers were also asked how easy they were finding it to place buy-to-let mortgage applications.

While just 5% said it was extremely easy, almost half (48%) said it was relatively easy, 23% said it was neither easy nor hard, 20% found it relatively hard and just 4% said it was extremely hard.

The brokers said buy-to-let borrowers are most interested in low mortgage rates and flat fees.

Just 2.5% said borrowers are interested in freebies such as free valuations, and not one broker said their clients are interested in cashbacks.