Paradigm adds Castle Trust to lender panel - Mortgage Introducer
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Paradigm Mortgage Services adds Castle Trust Bank to lending panel
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Castle Trust Bank adds to London sales team | Mortgage Introducer
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Rob Oliver is sales director at Castle Trust Bank
Buy-to-let (BTL) has bounced back and, according to Hamptons, the number of first-time landlords entering the sector grew in 2020.
So, too, did the number of landlords using a mortgage to fund their purchase – the London estate agent says that only 52% of landlords bought property with cash during 2020, which is the lowest figure on record, down from a peak of 62% in 2017.
In another report, Hamptons says that the focus on rental income is becoming increasingly important for mortgaged landlords as price growth from 2020 to 2025 will be lower than it was from 2015 to 2020, meaning a larger proportion of an investor’s income over this period will come from rent rather than capital appreciation.