Home
NewsFinance for buy-to-let mortgages 'slowly improving'
Finance for buy-to-let mortgages 'slowly improving'
The availability of finance deals for buy-to-let mortgages could be steadily improving, it has been suggested.
David Whittaker, managing director at Mortgages for Business, hinted that landlords might be more willing to invest in properties in the months ahead.
He said: "There are nearly double the products of one year ago."
Mr Whittaker added that although the situation is getting better, there is work still to be done.
"Gone are the days where one lender worries about the activities of another – there isn't that degree of competition at the moment," he stated.
In addition, the expert suggested that a maximum loan-to-value rate of 80 per cent is unlikely to be exceeded.
According to the most recent Upad Rental Confidence Index, 62 per cent of landlords are more confident about the housing sector in August 2010 compared with the previous month.
That said, the research also indicated that some investors are being held back by a lack of access to finance.
Posted by Mark Cunningham
10/08/2010 17:57
News category: Property