Thursday, 25 October 2018

Landlord Remortgaging Reaches Record High


The number of landlords looking to remortgage is now at an all-time high. Paragon’s Financial Adviser Confidence Tracking (FACT) survey for the third quarter of 2018 highlights a sharp increase in the proportion of landlords remortgaging – up from 49% in the second quarter to 57% of all buy-to-let business. In contrast, the proportion of first-time landlord business fell from 14% to 10% and landlords looking for finance for portfolio expansion was down from 23% to 19% of the total. Read more on 24housing.

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