Mis-sold Mortgage Claims > Mortgage News
Mortgage Expo Has Been a Huge Success
Tue, 22 Nov 2011
Mortgage fraud accounts for nearly a billion pounds a year in the UK. The buy to let market was one sector blighted by mortgage fraud.

The mortgage Expo, MBE 2011, has been highly successful.

Director of Business Development at Platform, Lee Gladwell, stated that, "We expect to see a significant rise in Buy-to-Let. If High Street lending becomes more restricted through 2012; a greater proportion of funds will be lent through intermediaries so their share of the market is expected to grow."

Nationwide for Intermediaries', James Chidgey, stated that should a mortgage broker or an intermediary not be writing 15 per cent on average on BTL then their business is business is not going to be effective. Tenant and investor demand are high at the moment, therefore, there are key opportunities in the buy to let market for seizing.

The Council of Mortgage Lenders recently highlighted an increase of 19 per cent in Quarter 3 from Quarter 2 2011. Quarter 3 witnessed £3.8 billion in new loans . In 2012 there will be £20 billion of loans to be made.
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