A recent survey of landlords found that nearly 75% of them expect a good year for buy-to-let property in 2013.
Managing Director Bob Young, of CHL Mortgages who conducted the survey, certainly expects these 12 months to see something of a comeback for buy-to-let.
Writing for Mortgage Strategy, he says:
“I wouldn’t be surprised if the coming 12 months saw the return of some institutions that had to walk away from the sector post-Credit Crunch.
Such lenders will have witnessed the way that others have successfully reintroduced themselves into proceedings and – coupled with rental demand going from strength to strength – will have decided that now is the time for another crack at the market.”
More activity in this sector could cause more competition, leading to some attractive rates and products being made available.
Let’s hope for all parties concerned that this is a good year for buy-to-let. As ever, we’re ready to give you genuinely independent and expert advice at Limetree if you want to explore your mortgage options.