20
May
Buy-to-let sector 'improving'
The buy-to-let property market in the UK is gaining in strength, it
has been suggested.
According to Moneyfacts.co.uk, the number of mortgage deals
available to those keen to make purchases of such homes has risen
by 70 per cent since September last year.
There are now 304 products being provided by lenders in the
country, the firm noted.
Spokesman for Moneyfacts.co.uk Darren Cook suggested that
competition is returning to the sector.
He added: "This is encouraging news for investors, especially those
who were locked out of the market as the maximum available
loan-to-values fell."
As an example of the activity occurring at present, Mr Cook noted
that Saffron and Melton Mowbray Building Societies returned to the
industry over the last month and the Bank of China "continues to
successfully find its niche".
Recently, Defaqto noted that consumers who want to get a good
mortgage deal may be best off going through their own banks, as
they can sometimes receive special deals.
