More buy-to-let loans avail­able

Yorkshire Post - Property - - PROPERTY -

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.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.