The number of buy-to-let investors has increased by 50% since last month as a result of a buoyant rental market and may also be linked to pension reforms regarding sipps, reserach reveals.
Mortgages Direct has released index figures suggesting the number of buy-to-let investors in the market is climbing as 12% of people seeking mortgages last month required buy-to-let mortgages compared to just 8% the previous month. Peter Gladdy, director of Mortgages Direct, says: “The rental market is fairly buoyant in this current climate, with many potential homeowners sitting on their hands waiting to see which way the prices will go and therefore opting to rent instead.” Although there is no firm evidence to prove it at this stage, Gladdy also suggests the sudden increase in buy-t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
