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Posted by Emily Swanson

Landlords will become an increasingly significant part of the British mortgage market in the next 12 months.

That is according to David Whittaker, managing director at Mortgage for Businesses, who believes buy-to-let loans are set to make up a large percentage of the sector as a whole in 2012.

Mr Whittaker explained that the present "soft" state of the purchasing market - caused by a lack of fluidity from banks and building societies - will result in the share of buy-to-let deals increasing during the final quarter of 2011 and throughout next year.

However, he noted this represents a return to pre-recession levels as, before the onset of the economic downturn, rentals accounted for around 13 per cent of the overall sector, but this declined to around nine per cent more recently.

It comes after David Lawrenson of Letting Focus indicated that a lot of landlords are looking to expand their portfolios in the near future. 

07/12/2011 16:52