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Buy-to-let brokers confident for 2005

Buy-to-let intermediaries are optimistic about the market going into 2005, according to Mortgage Trust ‘s monthly intermediary forecast.

Sixty nine per cent of respondents expect to write more buy-to-let business in the next three months than they have in the preceding three. Nineteen per cent expect to write the same amount and only twelve per cent expect to write less.

Marketing manager Nicola Severn says: “Lending is always slower in the approach to Christmas and advisers are now looking ahead to spring, and an anticipated increase in business. Growing confidence may also reflect increasing expectations that interest rates may now have reached their peak and be headed downwards.”

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