Latest mortgage deals for buy to let could result in an investment boom.
Lenders latest mortgage deals offered for buy to let investment are enabling the investment sector of the property market to thrive.
While buy to let has not reached pre-crisis highs it is making a strong resurgence.
Unbiased.co.uk data reveals that a quarter of online mortgage searches last year were buy to let mortgage related. Specialist buy to let lender Paragon back up the figures advising that tenant demand is expected to remain equally robust throughout 2012.
Lenders latest mortgage deals have been competitively priced which has tempted many amateur landlords into the market. The buy to let sector is at the bottom of the property growth curve as first time buyers struggle to get a mortgage deal and so are left in rental accommodation. During the next 5 years it is anticipated that rental supply could double.
In response to increased demand several buy to let mortgage lenders such as Abbey, Paragon, Woolwich and Aldermore have launched competitive deals. According to the data provider Moneyfacts the availability of buy to let deals has also increased. This February lenders offered 100 more buy to let products than at the same time a year ago.
If you are looking to compare lenders latest mortgage deals to take advantage of profitable buy to let yields then contact Deal Direct who can conduct the search on your behalf. We are 'whole of market' brokers and are fully up to date on all UK lenders latest lending criteria changes and new mortgage rates.
