Landlords 'will find credit is easing up'
Nearly half (43 per cent) of mortgage brokers reported higher levels of buy to let mortgage availability in the third quarter of the year, new research has revealed.
Paragon Mortgages's third quarter report found that only a fifth (19 per cent) reported worsening conditions in the sector.
More than a third (38 per cent) said that the buy to let market had remained the same.
John Heron, managing director at the firm, attributed the rise to the return of lenders such as Paragon.
He said: "The number of buy to let mortgages has been rising in recent months as lenders come back to the market or new lenders are launched, and criteria has also improved slightly."
Some 35 per cent said that they thought the outlook for the fourth quarter was good, while more than half (58 per cent) thought it would remain stable.
Property investors looking to take advantage of improved credit conditions and a thriving private rented sector should make sure they consider the fine print of any new property deal.
- Property News from Lawpack: buying or selling your own house? Straight-forward advice on DIY house buying.
Published on: November 2, 2010
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