Demand for buy to let remortgage deals reaches a 12 month high.
With buy to let investment increasing, more landlords are seeking lenders best remortage deals to increase their property portfolios.
While the buy to let sector is well below the pre-credit crisis level, it is still currently far more buoyant than any other sector of the housing market.
Rental demand is increasing which makes rental return far more profitable.
Lenders tightened mortgage criteria, high deposit demands and increasing mortgage rates have pushed property purchase out of the grasp of many cash strapped households. For those who now cannot afford to buy there is no alternative but to stay renting.
A rising number of remortgage deals are being offered by lenders keen to take advantage of this blooming sector.
Lenders are currently offering highly competitive deals to buy to let landlords which is helping them to increase their property portfolios and meet rising rental demand.
According to the estate agents haart, the number of remortgages available for buy to let reached a 12 month high back in March as the number of landlords looking to invest significantly increased.
Figures show experienced landlords are expanding their portfolios, and home-owners are remortgaging using the equity built up in their property to fund a first time buy to let investment.
If you are looking at investing in property and would like a review of the best remortgage deals currently on offer in the UK contact Deal Direct.
Deal Direct can help you source a competitive remortgage offer.
