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What does the increase in BTL mortgage products mean for the investment sector?

Any increase in product availability can only be positive for both buy to let investors, bridging loan lenders and brokers such as ourselves.

However, when put in to context, this only put's the market back at 20% of products available as at 2007. It is a start in the long process of recovery and mirrors the increase in residential mortgage products, therefore the chances are that we are seeing the bottom of the property market.

This view may also be filitering in to the bridging loan market too as this week one of the biggest lenders increased their maximum loan to value criteria back up to 70%, which we believe is a positive sign! We also believe that landlords are increasingly confident and have started actively bargain hunting and expanding portfolios.

Submitted by Bridging Loan Broker on Mon, 11/05/2009 - 13:03

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