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FREE landlord softwareA Paragon Mortgages survey reports BTL mortgage intermediaries are increasingly confident about the BTL lending market.
Paragons confidence index has been running since 1995. The quarterly survey of mortgage intermediaries tracks their perception of the market.
The first quarter survey of 2014 reported confidence was at its highest level since the beginning of 2008 at 104.7.
Confidence peaked in 2007 at 147.6 and dropped to its lowest level in the third quarter of 2010 at 63.0.
John Heron, Director of Mortgages, said: “Thanks to this unique long-running survey we can see very clearly how confidence was “knocked for six” during the financial crisis. It stayed depressed through to 2011 when things started to improve. We are now seeing a significant improvement in confidence as the market recovers and it will be interesting to see if this is maintained through the implementation of MMR.”
Confidence peaked in 2007 at 147.6 and dropped to its lowest level in the third quarter of 2010 at 63.0.
John Heron, Director of Mortgages, said: “Thanks to this unique long-running survey we can see very clearly how confidence was “knocked for six” during the financial crisis. It stayed depressed through to 2011 when things started to improve. We are now seeing a significant improvement in confidence as the market recovers and it will be interesting to see if this is maintained through the implementation of MMR.”
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