A recent survey of the buy to let market showed that 1 in 8 mortgages are buy to let mortgages, average rent rises are around 2.5% per annum and 4 in 5 investors plan to live off property rental income. These statistics all point to continued optimism within the buy to let market.
Stronger growth is expected in 2014 compared to the 2013 and this means that buy to let landlords are more confident about their activity in the buy to let market this year.
With 1 in 8 mortgages now buy to let, feedback from mortgage brokers indicates that they expect to see their buy to let mortgage activity increase by around 5% in the first half of this year.
With this air of confidence among mortgage brokers and buy to let landlords, the market is expected to be buoyant throughout this year despite some landlords remaining cautious.
With the growth in the buy to let market we expect to see increased activity within the bridging loans sector and as a company are geared up to deal with this.