Buy to let mortgage lending is a beneficiary of the eurozone crisis.
Buy to let mortgage approvals are on the up. Around five years ago the buy to let market wasn't so buoyant, however this changed with the eurozone crisis which pushed up whole sale money market costs making UK lenders nervous about residential mortgage lending.
With the eurozone crisis came a severe tightening of UK mortgage lending criteria and an increase to loan to value levels. Would be home-owners found it increasingly difficult to raise a deposit for a mortgage and so found themselves struck in rental accommodation unable to get a foot on the housing ladder.
Rental yields and demand for properties has increased and buy to let is now the booming sector of the housing market.
In light of these facts UK lenders are once again backing investment landlords by releasing more competitively priced buy to let mortgage products.
While the eurozone crisis rumbles on the buy to let investment sector is likely to be strong, and property a smart move compared to other forms of non performing investments such as savings.
If you are looking for a buy to let mortgage, Deal Direct can source the best products on the UK market. We will compare all products on offer from UK lenders to find the right product for you.
Contact Deal Direct and we will make your property investment dream a reality.
