L&G Mortgage Club director Jeremy Duncombe also expects most of the large lenders to remain in the portfolio buy-to-let market.
Speaking to Mortgage Solutions for the Mortgage Club award winners’ supplement, Duncombe was upbeat about the sector following the changes.
“I think the majority of large lenders will remain in, but brokers need to be aware of that sector and do their homework,” Duncombe said.
“Also, I think we will see another spike of activity before that September deadline, so there is another opportunity for brokers at that point.”
However, with approximately 90% of all buy-to-let business done through intermediaries, Duncombe adds it is vital for brokers to understand its changing shape and complexity.
You can download the Awards Supplement here.