Mortgage boost for BTL investors - Mortgages - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Mortgage boost for BTL investors

Mortgage boost for BTL investors

Category: Mortgages

Updated: 16/04/2010
First Published: 16/04/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
A growing number of landlords are planning to purchase residential property for investment purposes over the next three months, despite believing problems with accessing finance still remain.

According to Paragon Mortgages, 12% of landlords are planning to purchase in the second quarter of 2010, compared with 10% who said they would buy in the first quarter of the year.

However, the survey also revealed that access to mortgage finance remained an issue, with 82% of those who attempted to secure finance for purchase or remortgage purposes finding it more difficult compared with the previous quarter.

Yet despite the apparent barriers facing buy-to-let investors in the first three months of the year, new research from Moneyfacts suggests that the situation might be about to improve.

According to the Moneyfacts Treasury Report for April, the buy-to-let mortgage sector has expanded by more than 11% during the last month.

Currently comprising of 283 products, it is the largest the sector has been for over 12 months.

"Landlords are in a strong position," said Nigel Terrington, Paragon Group chief executive.

"They are enjoying unprecedented levels of tenant demand, and structural changes taking place in the UK will create further demand."

Find the best mortgage for you - Compare best selling mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Building societies winning the mortgage rate war

Competition is fierce in the mortgage market, and borrowers may assume that the rates from banks will be significantly lower than those elsewhere. However, things aren’t as they seem, as building societies are the winners of the mortgage rate war.

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.