Coast to Country Lettings and Property Management
    What's Hot

    At What Level Do You Need Help With Your Property Development?

    February 18, 2025

    From Coast to Country: Exploring Spain’s Top Golf Holiday Rentals

    August 29, 2024

    5 Best Places To Live In England Near Top Golf Courses

    June 21, 2023
    Facebook Twitter Instagram
    • Home
    • Useful Links
    • Contact
    Facebook Twitter Instagram
    Coast to Country Lettings and Property Management
    • Home
    • Landlord News

      Factors That Increase The Rental Price On A Property In The UK

      April 6, 2023

      If There’s a Musty Smell, Call the Damp Specialist

      April 6, 2018

      5 Fire Risk Hazards Not to Ignore

      March 9, 2018

      Landlords Who Let Out Draughty Homes Will Banned, Says New Law

      January 29, 2018

      What Is A Conveyancers Role When Buying A Property?

      January 5, 2018
    • Real Estate Law

      Landlords Who Let Out Draughty Homes Will Banned, Says New Law

      January 29, 2018

      What Is A Conveyancers Role When Buying A Property?

      January 5, 2018

      4 THINGS LANDLORDS SHOULD KNOW ABOUT THE BUY-TO-LET TAX CHANGES

      July 5, 2016

      Quick Guide to stamp duty for Landlords

      February 19, 2016

      Tenancy deposits at risk with new deposit protection regulations

      June 22, 2015
    • Property Investment

      5 Best Places To Live In England Near Top Golf Courses

      June 21, 2023

      6 Tips for New Real Estate Investors

      June 20, 2023

      The Importance of Consulting An Insolvency Practitioner On Property Investment

      September 1, 2022

      Better Returns to be Gained from BTL Than Savings, Report Claims

      April 4, 2017

      Number of UK Landlords on Steady Rise

      July 5, 2016
    • Banks & Lending
    Coast to Country Lettings and Property Management
    Home»Banks & Lending»BTL Market Growth: Mortgage brokers Mulling Over Uncertainties
    Banks & Lending

    BTL Market Growth: Mortgage brokers Mulling Over Uncertainties

    Coast to Country LettingsBy Coast to Country LettingsApril 26, 2016Updated:September 3, 2021No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email

    Mortgage brokers are concerned about the growth potential for the BTL market over the course of 2016, according to new industry research carried out by NatWest.
    66% of the 441 intermediaries that took part in the survey used in the research said there has been an increase in demand for buy-to-let mortgages over the last six months, with only 7% of customers experiencing a decline.

    An Increase in Buy-to-Let Business

    Just over 32% of those surveyed expect to see an increase in buy-to-let business over the first and second quarter of this year, while 41% expect a slight decline. 27% believe that the market will remain largely unchanged over the period in focus.
    Looking at the type of customers brokers are dealing with, the survey shows a polarised market. 19% of brokers said that most of their buy-to-let business is with professional landlords while 55% of them do a small amount of business or no business at all with the professional sector.
    37% of respondents said the best prospects for growth are seen in remortgaging and 23% said the prospects for growth is higher in the amateur landlord sector. 18% said amateur landlords with more than 2 properties are the next most attractive sector and only 11% believed that professional landlords offer the best prospects.

    Professional Landlords Offer the Best Prospects

    So much has been made about the potential of the Landlord sector but only 4% of brokers believe that the sector offers a decent opportunity for growth in the near future.
    Addressing the issues concerning landlords, 59% of respondents pointed at increased regulation as the chief bone of contention. This is followed by both rental voids and rental arrears at 35% and 34% respectively. 20% of respondents pointed at cost of property maintenance as a concern while 13% mentioned tenant referencing and administration as a concern.

    The brokers that responded to this survey mentioned good BDM support, flexible underwriting, straightforward rental cover calculation, clear lending criteria and availability of interest only as the most important aspects of a lender’s buy-to-let proposition.

    Analysing the Results of the Survey

    Analysing the results of the survey, the general consensus in the industry is that the buy to let market will remain attractive for mortgage brokers. There is however concern about the extent of growth as uncertainty remains on what the new tax rules for landlords, the new Mortgage Credit Directive and the Government’s renewed attention on home ownership will mean for the market in the long run. This is why the wait and see approach seems to be the preferred option for many, with a view to allowing the new factors bed in before making any decisions.
    The survey also highlights the fact that brokers are looking towards lenders for lending criteria without complications, availability of interest only and good BDM support. Many lenders understand the difficulty in providing such conditions and therefore, some of them have shown efforts towards making subtle changes to their business process to meet these needs.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Coast to Country Lettings

    Related Posts

    Factors That Increase The Rental Price On A Property In The UK

    April 6, 2023

    Refinancing Percentages Rise To A 10 Year High Amid Interest Rates Hike

    July 9, 2022

    If There’s a Musty Smell, Call the Damp Specialist

    April 6, 2018

    5 Fire Risk Hazards Not to Ignore

    March 9, 2018

    Landlords Who Let Out Draughty Homes Will Banned, Says New Law

    January 29, 2018

    What Is A Conveyancers Role When Buying A Property?

    January 5, 2018
    Add A Comment

    Comments are closed.

    Don't Miss

    At What Level Do You Need Help With Your Property Development?

    By Coast to Country LettingsFebruary 18, 20253 Mins Read

    As a building manager, you should seek help with your property developments at any level where…

    From Coast to Country: Exploring Spain’s Top Golf Holiday Rentals

    August 29, 2024

    5 Best Places To Live In England Near Top Golf Courses

    June 21, 2023

    6 Tips for New Real Estate Investors

    June 20, 2023
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Our Picks

    At What Level Do You Need Help With Your Property Development?

    February 18, 2025

    From Coast to Country: Exploring Spain’s Top Golf Holiday Rentals

    August 29, 2024

    5 Best Places To Live In England Near Top Golf Courses

    June 21, 2023

    6 Tips for New Real Estate Investors

    June 20, 2023
    Partners
    Sussex Damp Experts
    Coast to Country Lettings and Property Management
    • Home
    • Useful Links
    • Contact
    Copyright 2021 Coast to Country Lettings and Property Management

    Type above and press Enter to search. Press Esc to cancel.