Its survey of 348 BTL investors shows that 62 per cent of will stick with the BTL market despite the recent rises in interest rates and downturn in property prices.
The survey also shows that 68 per cent of BTL investors have remortgaged from one lender to another more than once. Forty-two per cent say they research the market themselves before investing and 58 per cent say they seek advice from mortgage advisers. Seventy-three per cent say they bought a property to provide income and long-term investment.
Senior products manager (buy to let) John Bianco says: “It is clear that buyers in the market realise buy to let is a longterm investment and look after their investment wisely by checking their rate regularly.
“Another interesting find is the large percentage of buyers who seek advice from intermediaries. We see this as important proof that BTL should fall within statutory regulation.”