Buy to let remortgages are on the increase according to haart.
According the UK estate agent haart, approval of buy to let remortgages has just reached a high for 2012.
New figures released by haart reveal that the number of buy to let remortgages has risen to the highest level so far this year. Much has been reported on great rental yields and competitive mortgages, so it is no surprise to see landlords using equity to fund the purchase of additional buy to let property.
Figures from haart also show an increase in first time landlords seeking to remortgage to fund a new home while renting out their current property. Currently haart advise that buy to let property accounts for almost 20 per cent of their transactions.
David Miles who is the Managing Director of haart commented on buy to let property purchase. He said that recent figures illustrate how existing landlords continue to be happy to invest in UK property, by expanding their property portfolios to meet increasing UK rental demand.
He went on to say that more home-owners are also choosing to release equity in their present property to fund buy to let investment.
Deal Direct can help investors looking for buy to let remortgages. Mortgage lending criteria remains tight, however there are still great opportunities for investment landlords in what is a booming property sector.
Contact Deal Direct today for the most competitive UK mortgage rates on offer.
