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Mortgage market for landlords 'improving'
Posted by Mark Cunningham
The ease with which landlords can access finances is increasing, it has been suggested.
According to David Hollingworth from London & Country Mortgages, new deals that are appearing on the market are part of a positive trend, the Times reports.
He made his comments following the release of a product by the Nationwide Building Society.
It has launched a new 80 per cent loan-to-value offering, which represents a five per cent increase on its previous loans.
Mr Hollingworth remarked: "It has to be another sign of lenders growing confidence in the market, as prices have stabilised."
The expert went on to note that the development is encouraging for buy-to-let investors, many of whom have been struggling in recent times due to the tightening of lending criteria that followed the onset of the credit crunch.
Recently, Paragon Mortgages pointed out that landlords should make the most of the tax savings available to them.
11/05/2010 15:05
News category: Property