New research has shown that the level of buy-to-let investment activity in UK property is on the increase, as 14 per cent of mortgages handled by advisers are currently accounted for by these customers.

Paragon Mortgages' research shows that this number has risen from the six per cent that was measured in June 2001 and the ten per cent of December 2004.

This steadily increasing buy-to-let activity appears to have been beneficial for advisers, as the average number of mortgages introduced per adviser in the first quarter of this year was 27.6, compared to 25.3 at the beginning of 2005.

"Financial advisers have benefited from the buoyancy of buy-to-let, particularly over the past 12 months," said John Heron, managing director of Paragon Mortgages.

"The proportion of advisers' business represented by buy-to-let is higher than it has been for many years."

First-time buyer activity in the UK property market is currently fairly subdued, according to Paragon, with the proportion of loans going to these customers dropping from 11 per cent six months ago to nine per cent today.

The portion of next-time buyers taking up mortgages, however, has increased from 23 per cent to 25 per cent.

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