'Widespread optimism' for buy-to-let sector

Posted: 24 Feb 2012 13:00:26 GMT

Many intermediaries have high hopes for the buy-to-let sector in 2012.

There is widespread optimism regarding the buy-to-let sector's prospects for the next 12 months, a new survey has indicated.

Carried out by the Intermediary Mortgage Lenders Association (IMLA), the poll revealed 56 per cent of intermediaries have high hopes for the industry in 2012 and expect to see an escalation in business of this type.

This level was markedly higher than the 12 per cent of those questioned who believe their dealings in this field will reduce this year.

John Heron, chairman of the IMLA - which has been in operation since 1998 - noted: "Buy-to-let is becoming increasingly important as more people move into the private rented sector."

The industry figure went on to point out that an intermediary can prove valuable for those in need of assistance when trying to find a mortgage that works for them, as well as locating a home loan provider that caters to their needs.   

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