More buy-to-let loans available
MORE than double the number of buy-to-let mortgage products are available now compared to this time a year ago, say specialist broker Mortgages For Business.
In the first three months of 2010, an average of 142 products were available to buy-to-let investors. This figure more than doubled to an average of 298 products in the first quarter of 2011.
This rise is due in part to the entrance, or re-entrance, of four mortgage lenders to the market but, says the broker, can be attributed mainly to lender response to high demand from the investor market and an easing of lending criteria.