Story

Banks lending again to buy to let market

06 July 2010

Like the Lettings market which is currently suffering from a shortage of stock, the mortgage market demand is exceeding supply but the lending market is moving again slowly and banks are beginning to make money from it, say waellis.

The best deals at the moment are 60% loan to value although I have come across 80-85% but these are very expensive. The main lenders are BM Solutions and the Mortgage Works, followed closely by Clydesdale Bank and the Bank of China but I understand there are twenty new lenders coming in to the market so it really does appear to be opening up.

With the Bank of England regulating banks now and checking people can afford mortgages, there is much tighter control. It is essential for the housing infrastructure that the Private Rental Sector continues to grow but with first time buyers who play a vital role in the housing ladder still struggling to get a mortgage, there is an imbalance.

Funding has dropped 81% since 2007 – in 2009, it dropped by 69% compared to 2008. There are 1400 less products than in 2007 but this is obviously now on the increase. There does appear to be a recovery in the Buy to Let market with competition back. Professional landlords are a good risk to lenders and the Buy to Let market is profitable for them.

Back to News

Print Article

Our Partners

	MyIntroducer
	The finance news, comment and reviews website created exclusively for the modern financial professional.
	Debt Introducer
	The Home of the Debt Solutions Professional. Industry News, Reviews & Comment aimed specifically at debt solutions specialists.
	Factel Studio
	Commercial Website's designed and managed completely by yourself from as little as £10 Per Month.
	MailEm
	Email Marketing Made Easy! Deliver your message to over 3.5 million businesses using Mailem's simple cost-effect email delivery system.

Residential property auctions on the up

Outlook for rents remains firm on rising tenant demand

Tenants need to brace themselves for rent increases

Even lottery millionaires need bridging finance

Coalition Government lets down leaseholders

Drawbridge finance offers second charge exclusive

Is your financial future at risk? Asks Prudential's Investment director

Watch a live web TV show to find out what you need to do to secure a prosperous retirement

Santander Business Banking to offer loan & bond products through NACFB

NACFB members will have access to improved products from Santander Business Banking the National Association of Commercial Finance Brokers has announced.

Debt levels could be 'tip of the iceberg', warns The Debt Advisor

Figures published today by the Insolvency Service show the number of personal insolvencies in England and Wales reaching 34,743 in the second quarter of 2010.

Turn on the rental tap, urges Assurant Intermediary

Specialist general insurance provider, Assurant Intermediary, urges intermediaries not to ignore the residential rental market as a potential source of business.

Enterprise Finance strengthens business development team

Enterprise Finance, the national secured loan and bridging finance master broker has announced the appointment of a new business development manager for the Northern region.

Home | Terms Of Service | About Us | Privacy Policy | Anti Spam Policy | Advertise on Commercial Introducer | Contact Us

ADVICE TO READERS
While this website is checked for accuracy, Barcadia Media Limited are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances.

Commercialintroducer.com is a trading style of Barcadia Media Limited © 2009
Barcadia Media Limited. Registered in England & Wales No. 6970806 Registered address. Barcadia Media Ltd, Unit 6, 154-158 Church Street, Blackpool, Lancashire, FY1 3PS. Tel: 0845 435 8544 Data Protection Notification No: Z162 1548