SortRefer sees BTL boost following pension reforms

In addition, SortRefer’s new BTL referral service has also experienced a 21% increase in BTL purchase quotes issued, alongside a 12% boost in instructions. BTL remortgage figures show instructions to have risen by 18% on standard remortgages and 26% on fixed price remortgages. Overall registrations are also reported to have grown by 29%.

Kevin Tunnicliffe, Managing Director of SortRefer, said:

“There has been much speculation in and around the industry regarding how pension reforms will affect the buy to let sector and when analysing these interim results it appears that there has already been a large degree of interest registered.

“We expect this momentum to continue and as always it will be proactive intermediaries who remain in pole position to help greater numbers of clients make the most of these relaxations on lump sum withdrawal rules. And when aligned with the right conveyancing service this can make a real difference in getting deals completed quickly and efficiently to make the most of some favourable market conditions.”