Mortgage advisers provide 'lifeline' in buy-to-let

26-Mar-2007

In news which may be of interest to first time buyers looking to invest in the buy-to-let market, new research suggests that 74 per cent of landlords are seeking guidance from mortgage advisers.

According to research commissioned for Alliance & Leicester Mortgages, 55 per cent of landlords - which may include recent first time buyers - depend upon mortgage advisers for the sourcing of new buy-to-let opportunities.

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"From our research, it is clear that advice plays an important part for buy-to-let investors," said Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester.

"Landlords need their advisers to obtain information that they can't easily get hold of themselves as well as helping them get the best mortgage product for their needs," he added.

Indeed, the same number of landlords (55 per cent) confirmed they rely on their adviser for the provision of advice and the arrangement of a suitable mortgage once a deal has been identified.

The research was conducted by BDRC in November 2006.

Alliance & Leicester offers a range of financial services and products, including current accounts and secured loans.

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