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Brokers confident about buy-to-let and new build business growth

  • 13/05/2015
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Brokers confident about buy-to-let and new build business growth
Mortgage intermediaries are optimistic about the prospects for the buy-to-let and new build markets, research from NatWest Intermediary Solutions reveals.

The lender questioned more than 500 mortgage intermediaries and found that 58% had seen an increase in buy-to-let business in the past three months with only one in 20 saying they had seen a drop. Some 27% said that buy-to-let figures had remained static.

Looking forward to the next six months, 54% expected to do more buy-to-let business than the past six months, with only 4% expecting to do less. Of those surveyed 32% forecasted that their buy-to-let business would remain stable.

More than half of brokers were optimistic about the new build sector. Just 25% were pessimistic and 17% said they were unsure.

Graham Felstead, head of NatWest Intermediary Solutions, said: “The buy-to-let and new build sectors have both been touted as growth areas for 2015 and this sentiment has been echoed by the optimism shown by brokers in our survey.

“We have an appetite to grow our presence in both of these areas of the mortgage market, and have recently refreshed our new build proposition to offer a more attractive approach to builders’ incentives.”

Felstead said the buy-to-let market is one where NatWest has made the greatest strides in the last couple of years focussing on non-professional landlords with small portfolios.

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