7 Mar

Buy-to-let mortgages set to grow

Buy-to-let mortgages set to grow

The mortgage market for landlords is set to grow faster than any other, as the demand for property to rent in Brighton and other areas continues to increase.

According to Lee Grandin, director at Landlord Mortgages, it is likely to be the case this year that more landlords will come into the sector because lenders are keen to loan for professional purposes as opposed to residential.

"I think the market will start to increase proportionally more than any other mortgage sector. It is definitely a sector in the growth phase again."

He attributed this predicted growth to the fact that demand for privately rented properties is remaining high, meaning that rents will stay strong, leaving landlords keen to expand what they offer.

Earlier this week, landlords were advised that the best way to ensure that they get a good yield on their properties is to buy in areas where the demand for rental property outstrips the supply.ADNFCR-1222-ID-801312108-ADNFCR

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