Great time to invest in BTL, says survey Tuesday 20th August 2013 Would-be investors looking to get into the property market should do so now, according to the findings of new survey. The survey, conducted by buy-to-let broker and mortgage club The Buy to Let Business, polled 200 brokers to gather opinions on the current state of the market. When asked whether now is a good time to invest in buy-to-let, a whopping 95% of the brokers answered yes. Over 90% of those polled said they believed the market would grow over the next 12 months, with 30% extremely confident that it would and 61% relatively confident. Just 9% had no opinion. With buy-to-let lending currently at its highest levels since 2008 it’s perhaps unsurprising that, when asked how easy it is to place buy-to-let business more than 50% of the brokers found it either extremely easy or relatively easy (5% and 47% respectively). 23% had no opinion, 20% found it relatively hard and just 5% found it extremely hard. Finally, when asked what investors value most in a mortgage 50% of the brokers said low rates and 45% said flat fees, showing value for money is still key. Just 2.5% said freebies were most important and the same number said fast turnaround times. The Buy-To-Let Business managing director Ying Tan said: “The overwhelming majority of brokers believe now is a good time to invest in buy-to-let, indicating that bricks and mortar is still the preferred investment vehicle with returns that the investor can influence. These brokers are on the front line, they know the buy-to-let market inside out and their confidence in the sector can be trusted. Anyone looking to invest in buy-to-let would do well to take the plunge now.”
Posted on: Wed, 28 Aug 2013 22:06:54 +0000
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