Intermediaries positive about BTL business

53% of intermediaries questioned by Paragon Mortgages expect to do more buy-to-let mortgage business in 2012 than they did in the previous year.

Paragon Mortgages’ Financial Adviser Confidence Tracking survey (FACT) asks intermediaries for their views on current trends in the buy-to-let market and wider impacting factors.

Of those that said they expect buy-to-let business to increase, 19% said that they expect levels to rise 10% or more. Only 3% of respondents said they are looking to complete less buy-to-let business in the next 12 months.

When asked for their views on expected movement of economic factors during the next 12 months, which will have some impact on the buy-to-let and wider mortgage market, 62% said that employment would decrease. The second most prolific factor was that of gross domestic product – with 42% saying they expect this to decrease.

John Heron , managing director of Paragon Mortgages, said: “2012 is set to be another challenging year for the buy-to-let and general mortgage market as we continue to feel the impact of the Eurozone crisis and wider economic factors.