18 February 2015

Record number of buy-to-let mortgages are available

A recent report by Mortgages for Business states that there are now 817 products available on the market for buy-to-let investors, up 17% from 707 measured in the 3rd quarter of last year.

A new lender, Fleet Mortgages, who specialise in buy-to-let has also entered the market.

The Managing Director of Mortgages for Business, David Whittaker, said “Lenders continue to compete fiercely for the ever-growing buy-to-let market with more than 100 extra products available in the last three months.

“This unprecedented pick-up reflects the huge increase in demand as well as the wider importance of the buy-to-let industry.

“Looking at total lending in 2014 the trend is clear. For a second consecutive year the value of the buy-to-let market grew by almost a quarter.

“We anticipate further growth in 2015 but at a slower rate as the market takes an inevitable breather after such a huge sustained spurt.”

To our mind this is just further proof of the growing interest in the buy-to-let market for both existing and new investors.

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