Professional landlords driving buy-to-let growth

A survey of 200 mortgage brokers also found the number of first-time landlords applying for mortgages has been in decline for several years. Brokers say around 45% of landlords they see are remortgaging, while 34% are seeking to expand their existing portfolios. Only 16% of landlords are seeking to make their first buy-to-let purchase. Paragon says this is evidence experienced landlords are driving growth in the market, rather than occasional investors and new entrants. Nigel Terrington, Paragon Group chief executive, says: “There is still demand from new landlords to enter the market an...