In line with this, 94% of all intermediaries questioned are not actively recommending LTVs in excess of the more normal levels.
Furthermore, buy-to-let intermediaries are now predicting that remortgaging will form a larger part of their business in the next three months. They raised their predictions for the proportion of remortgage business from 40% in March, to 43% in April.
This indicates that even though they are actively remortgaging their current properties, today’s buy-to-let investors take an extremely pragmatic approach to debt and are not swayed by the opportunity for higher gearing. And with only 6% of intermediaries recommending that their clients borrow beyond normal levels it doesn’t appear that there is an appetite among the intermediary community for encouraging increased debt either.
