Commenting on the results, Tony Ward, Chairman of IMLA said, “The buy-to- let market has seen tremendous growth in recent years and the mortgage intermediary has been at the forefront of its promotion. This is now an established market and this is recognised by the importance that mortgage intermediaries place on it.”
IMLA's research indicates that whilst there has been some adverse publicity surrounding the future of the buy-to-let market, only a third of all mortgage intermediaries say that in the present climate they would try to persuade prospective new buy-to-let landlords to think again. Mortgage brokers remain the largest supporters of this market with 44% of those surveyed expecting to handle more buy-to-let business in a year’s time.
Further analysis from the research suggests that the clients of mortgage intermediaries are serious investors as over 71% of intermediaries have clients with two or more properties in their portfolio.
