Latest Insurance News
Buy-to-let mortgage market 'rock solid'
30 Jan 2012
The buy-to-let mortgage market is rock solid, with more than 20 mortgages with a loan to value ratio of up to 80 per cent available.
Data from Mortgages for Business's mortgage sourcing toll, known as Mortgage Flow highlighted that the number of buy-to-let mortgages on offer has increased in recent months, with the highest LTV for buy-to-let being 75 per cent in May 2010.
David Whittaker, managing director at Mortgages for Business, commented: “This is great news for landlords and investors and demonstrates the growing confidence of lenders in this sector who see buy to let as more profitable than homeowner lending."
He added that there is a really good range of products on offer to would-be landlords at the moment.
The six lenders offering mortgages at 80 per cent LTV are Kent Reliance Banking Services, Saffron Building Society, Leeds Building Society, Aldermore Mortgages and Clydesdale Bank.
When landlords have their mortgage sorted it is important to remember to look into landlords insurance for both their building and contents.
Posted by Michael Brown
