UK Buy to Let Market Strengthens – TMA

A recent report by the Mortgage Alliance (TMA), one of the leading mortgage clubs, suggests that 47% of mortgage brokers received more enquires for buy to let loans in the past 3 months.

The remaining intermediaries were less positive about market trends as 33% said they did not see a significant increase in enquires, whereas 20% did not witness any improvements at all.

Regardless of this, over half of UK brokers feel more positive about the future of buy to let mortgages, whereas only 14% do not.

Commenting on the findings of its survey, Mr. Whitehouse of the Mortgage Alliance, claimed that "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." He also highlighted that the market needs time to strengthen and grow and should not be rushed.

You can browse the available buy to let mortgage deals available from UK lenders and brokers on online comparison sources.

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