October 30, 2011
Buy To Let Mortgage Deals Increase
The number of buy-to-let mortgage products has more than doubled in the last three years, according to financial research firm Defaqto, while the number of buy-to-let lenders has been boosted from 56 to 63.
It says the number of buy-to-let mortgages has increased from 237 in October 2008 to 483 today.
Most (86%) are available through intermediaries, compared with 70% in 2008, while the proportion of broker-only deals has risen from 24% to 60% over the last three years.
Of today’s 63buy-to-let lenders, 15 operate through intermediaries, 18 distribute directly and the remaining 30 are available both direct and through brokers.
