Availability Of Buy-To-Let Mortgages Improves

A leading lender has stated that the availiability of finance to property investors has improved in recent months.

Paragon Mortgages' recent survey reveals that 43% of brokers claimed the accessibility of home loans improved in the three months to end of September.

Further to this, a total of 35% believe that the market will even improve during the next quarter.

David Lawrenson of LettingFocus.com said the figures indiciate that confidence is returning to the sector. He commented: "Clearly lenders are quite confident about the future of buy-to-let, they are sure they can lend and that landlords will be able to repay them."

However, Mr Lawrenson explained that demand from landlords for mortgage products still is "much weaker" than it was in 2008 and this is linked directly to the housing market, since mortgage lenders are now demanding a 25% deposit.

This is in stark contrast to the situation two years ago, when 85% 'Loan-To-Value' (LTV) deals were readily available, he observed.

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