Buy to let remortgages are remaining important to landlords.  The demand for rental properties is not diminishing and remortgages are allowing investors to add to their portfolios and thus filling a great need.  Without mortgage lending easing anytime soon the inability of many hopeful property owners to gather high deposits or gain approval from lenders the demand will remain. 

The trend for the buy to let market to see steady strength and growth is expected to continue.  According to a recent report from Paragon Mortgages the number of intermediaries reporting on a successful first quarter of 2012 has increased.  Those intermediaries polled responded positively on their current outlook of the buy to let market with 35 per cent describing demand for rental properties strong and 46 per cent describing it as stable.

John Heron, Director of Paragon Mortgages, responded to the report saying, “It is positive to see that intermediaries are reporting on a successful start to 2012, particularly after a challenging end to 2011 when problems in the Eurozone resulted in renewed nervousness around the market.

“Whilst we are not back to post credit crunch business levels, and will not be for some time, there has been a steady improvement in buy-to-let business. It is particularly interesting to see the increase in first-time landlords entering the market, this not only demonstrates confidence in the market but also that buy-to-let remains an attractive business.”

Lenders remain positive about the buy to let market as well with more buy to let products being offered especially buy to let remortgages to assist landlords in their business goals.