Mortgage Trusts latest findings in its monthly buy-to-let intermediary forecast reveal an expected surge in springtime business.
Figures are predicted to increase since December, with 65.1 per cent of respondents expected to write more buy-to-let business over the next three months than in December 2004, showing 58.1 per cent.
The results suggest the housing markets softer landing and interest rates peaking will lead many landlords to expand their property portfolios.
Intermediaries believe loans to landlords will make up the majority of this increased business, expecting a projected volume of 45.2 per cent.
First-time landlords are predicted to account for 17 per cent of business, growing since December, which showed 15.3 per cent, again demonstrating greater confidence in the market.
Rents are expected to rise – 45.5 per cent of intermediaries expect chargeable rents to increase, with the strong rental conditions encouraging landlord investment.
Mortgage Trust marketing manager Nicola Severn says: “Buy-to-let clients are positive about the prospects of the market over the next three months. Business has picked up since the traditional Christmas lull and intermediaries are confident that levels will continue to rise. Stable house prices and low interest rates are attracting professional landlords, and a number of attractive mortgage products which have recently been introduced to the market are set to boost the sector further.”