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Buy To Let Enquiries On The Increase

December 10, 2010

According to a new study from TMA, Intermediaries have reported a rise in buy-to-let enquiries over the last three months.

The survey specifically focused on the buy-to-let sector to see if the return of some lenders into the market had any effect on enquiry levels. Over 50% of those interviewed were more confident about the sector’s future than they were this time last year.

Phil Whitehouse, head of TMA, said: “Buy-to-let remains a key sector in the marketplace, and after a few torrid years 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.

“The emergence and return of some specialist lenders has certainly worked to instil much-needed confidence in this sector, as reflected in the way respondents are more positive looking forward than they were this time last year.

“It’s important that any progression should not be rushed and be allowed to grow organically. However, in a market where access to home ownership is still proving extremely difficult, the private rental sector will continue to benefit from high levels of demand for good-quality housing, thus ensuring more opportunities will continue to arise for intermediaries.”

Image from The Daily Mail