Buy-to-let market sees signs of recovery: Moneyfacts

clock

The buy-to-let market has begun to show signs of recovery with the number of deals increasing from the all time low of 179 in September 2009 to 239 today.

The sector has been one of the biggest casualties of the last two years, with 93% of all deals disappearing in that time. There were 3,662 buy-to-let products available in August 2007. There are now only four available deals with a 20% deposit, despite deals which required just a 10% or 15% deposit making up 64.8% of the market just over two years ago. Michelle Slade, spokesperson for Moneyfacts, said it is harder than ever for landlords to find a competitive mortgage because numerous lenders have pulled out of the sector and remaining lenders have restricted their deals. She added...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Products

Santander cuts adviser fees for longer-term mortgages

Mortgage lender Santander extends quality fee assessment

clock 07 January 2014 •

RBS Intermediary Partners relaunches on Monday

RBS Intermediary Partners is to return to the mortgage market on Monday, the group has announced.

clock 26 November 2013 •

'Schizophrenic' FSA lost the plot on Tesco, says AMI

Robert Sinclair, chief executive of the Association of Mortgage Intermediaries (AMI), has said the Financial Services Authority (FSA) has "lost the plot" over its decision to allow Tesco to sell non-advised mortgages.

Mortgage Solutions
clock 07 August 2012 •