8 Dec

Enquiries on buy to let market 'have gone up'

Enquiries on buy to let market 'have gone up'

The number of buy to let enquiries received by The Mortgage Alliance (TMA) has increased, a report has revealed.

Earlier this week, TMA's November Distribution Indicator showed that 47 per cent of intermediaries had experienced a rise in the number of interested parties over the last three months.

It also found that 33 per cent had claimed there was a return of renewed activity, while saying that enquiry levels had not significantly increased over the quarter.

Phil Whitehouse, head of TMA, said that this is likely to be because the buy to let industry "remains a key sector in the marketplace".

He added: "It has been good to see it rebuild some solid foundations which now appear to be translating into increased enquiry levels for the intermediary market."

People interested in becoming a buy to let owner were recently given advice by the Association of Residential Lettings Agents, which said that landlords should make important decisions before renting out properties.ADNFCR-1222-ID-800280455-ADNFCR

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