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Posted by Craig Williams

Market conditions for landlords are improving constantly in the aftermath of the recession, an expert has said.

According to Darren Owen, director at Property & Finance Solutions, professionals in the buy-to-let property arena are enjoying a sector that is getting consistently stronger following the slump.

Mr Owen explained that access to mortgage finance for landlords is improving on a weekly basis, as banks and building societies have reacted to the stagnant nature of the market in recent times by creating an increased number of high loan-to-value home loan packages.

"The criteria changes all the time. The lenders are starting to be a bit more flexible," the expert noted.

He went on to say that financiers are adopting a more "common sense approach" in comparison to the past.

Recently (July 18th), Paragon Mortgages revealed that 47 per cent of all buy-to-let deals agreed in the second quarter of 2011 were for professionals wanting to expand their property portfolio.
 

19/07/2011 15:01