Castle Trust Bank reveals the most popular types of specialist property investment

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    Refurbishments, HMOs and MUFBs have been the most popular types of specialist property investment in the last three months.

    Broker research carried out as part of our ongoing Pulse surveys, found that refurbishment was the number one specialist property investment, with nearly 40% of brokers saying it was the top choice for their clients.

    Following closely behind were investments in Houses of Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs). Despite the high profile of Holiday Lets, this was the least popular type of specialist property investment over the last quarter according to brokers.

    When it comes to choosing a bridging lender to finance their clients’ specialist property investments, most brokers opt for speed of decision first, whilst certainty of decision is the second biggest consideration. Rate is third on this list for brokers when it comes to reasons why they choose a bridging lender.

    Anna Lewis, Commercial Director said: “The Castle Trust Pulse survey provides a snapshot of the trends and challenges brokers are currently experiencing in the bridging market, and the first set of results make for interesting reading. Landlords are increasingly looking at ways they can increase their returns and property refurbishment is the most common way they choose to do this.

    “When it comes to choice of lender, speed and certainty are at the forefront for brokers, with rate having less prominence. This perhaps reflects the recent environment of uncertainty and frequent rate rises, where speed of decision has often made a significant impact on the rate a client has been able to achieve. However, in a competitive market, speed and certainty have always been crucial in bridging, enabling investors to respond quickly to market opportunities and build their portfolios.”
     

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    Castle Trust Bank means Castle Trust Capital plc, a company incorporated in England and Wales with company number 07454474 and registered office at 10 Norwich Street, London, EC4A 1BD. Castle Trust Capital plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under reference number 541910. Buy to Let is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.

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