Blemain Finance saw a 150% year-on-year rise in the value of buy-to-let loans completed in September.
Gary Bailey (pictured), director of Blemain Finance, said: “This year in response to broker feedback, we’ve made a number of changes to our products and service. These, combined with improving investor confidence and a resurgence in the number of enquiries, have helped deliver significant growth in our lending, and this has also come at a time when we now have more funding and a greater appetite to lend.
“Unlike other more traditional lenders, we are able to view applications on their own individual merits. By working with our broker partners, we’ve been able to assist a significant number of investors to grow their portfolios and achieve the yields they require.”
Analysis shows that the most popular buy-to-let property type is still terraced houses, and that semi-commercial/retail premises are also growing in popularity.
Bailey added: “With the rental boom showing no signs of abating, property suitable for buy-to-let is continuing to be snapped up. We are seeing more brokers expanding their offering to be able to help these clients with their need for fast, flexible buy-to-let finance.”
