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MIIR summer edition: Brokers focus on limited company buy-to-let


Nearly half of mortgage brokers expect the volume of buy-to-let portfolio limited company lending they write to increase in the next 12 months, research undertaken for our Summer Mortgage Intermediary Insight Report (MIIR) has found.

The new report highlights how mortgages written to portfolio landlords applying through limited companies make up just under a quarter (24%) of cases placed currently, but 49% of brokers anticipate this to grow throughout the next year.

Additionally, 38% of brokers expect to see more limited company business amongst non-portfolio landlords too.

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MIIR, which is based on a survey of over 200 intermediaries on different aspects of the mortgage market, also found:

  • Brokers anticipate that remortgaging, both residential and buy-to-let, will be a key driver of business, selected by over two-thirds of brokers asked to identify future market strengths
  • Intermediaries expect 2-year fixed rates and product switches will be the most popular products over the coming 12 months
  • The number of intermediary firms that say they plan to expand operations in some capacity during the next 12 months increased from 38% to 43% since the previous edition of the report  

Moray Hulme, Paragon Bank Director of Mortgage Sales, said: “With the impact of the turbulent economy still being felt across the mortgage market, it is unsurprising to see this reflected when we asked brokers about the challenges and threats to business they currently face.

“Through speaking to our intermediary partners, we know they are being proactive to support their clients and working hard to find the deals that meet their needs. I think this approach is helping to sustain business levels, which in turn has contributed to a growing sense of confidence.”

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