- The number of bu-to-let mortgages increased by around 84,000 in 2011. Apparently during the 4th quarter of 2011 a total of 34,800 buy-to-let mortgages were advanced (15,600 were remortgages). This compares with only 26,300 in the fourth quarter of 2010.
- David Whittaker from MortgagesforBusiness gives an explanation about what is happening.
- 80% LTV buy to let lending on the rise — 1 Feb 2012
- Meanwhile there was some positive reaction on twitter from some industry profesisonals.
In other news BM Solutions, its cutting 0.2 % from all its Buy to Let mortgages following a 0.3 % cut earlier this month.
By way of a comparison here’s a couple deals currently available from other lenders:
Loan to value 85%
5.99% Fixed for 2 Years
Fees of 1% plus £130.00
Loan to value 60% Tracker 2.99% Discount off base for 2 Years
Fees of £1249 plus £250.00
The above is just intended to give a flavour a the market, perhaps explaining the increase in lending.
- So what do you think, is buy to let starting to look like an attractive option for investors again?
And how will this affect the market overall?