New research has found that landlords want more providers to offer competing services in the mortgage market.
According to the survey from Paragon Mortgages, the market is currently dominated by two lenders.
Their Financial Advisor Confidence Tracker (FACT) found that mortgage brokers are feeling more confident, but they need to offer more products to landlords eager to expand their portfolios.
The forecast for the private rental market is positive, with the government planning to use the sector to plug the social housing gap.
More than half of the respondents in the survey expected an increase in business levels for the first quarter of 2010.
However, John Heron, managing director of Paragon Mortgages, warned that despite the continual four month increase in confidence: "[Mortgage broker confidence remains] low compared to the historical average and the market is nowhere near back to normal yet.
"This is particularly the case in the buy-to-let sector, where just two lenders dominate current levels of business and landlords suffer from a dearth of available mortgage products."
See Also: Property News (6699)
Date Published: 18 February 2010
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