The UK buy to let mortgage market remains strong.
The buy to let mortgage market is proving buoyant, and the strong demand for investment property shows no sign of weakening anytime soon.
According to the Nationwide mortgage survey an increase in buy to let mortgage demand is expected by brokers in the next 12 months as landlords continue to increase their property portfolios.
The announcement that the UK economy recently entered a second recession has not led to a reduction in demand and all the signs point to the buy to let sector continuing to flourish.
Of the advisers questioned in the Nationwide mortgage survey, around three quarters advised that they believe many more landlords will enter the property investment market during the second half of this year. It is expected that the number of existing landlords increasing their portfolios will also increase.
The Nationwide and The Mortgage Works director of group intermediary sales commented saying that while buy to let mortgage lending is nowhere near pre-credit crisis levels, last year's lending was over £14 billion which is an increase of 40% from 2011. This suggests buy to let is back which is positive news for landlords.
If you are looking to cash in on the rental market and are looking for a buy to let mortgage comparison contact Deal Direct for a competitive offer.
Contact a highly skilled Deal Direct mortgage adviser today.
