Moneyfacts.co.uk buy-to-let mortgage study 'encouraging'

Date:Tuesday 12th October 2010
Author: Max Freedman

A new Moneyfacts.co.uk buy-to-let mortgage report has offered some encouraging signs for landlords, with a source from the firm suggesting the sector may have turned a corner.

Michelle Slade, a spokesperson for the organisation, suggested affordability remains a tricky issue in this part of the housing market, but that lenders are starting to return to the market.

She cited a Moneyfacts buy-to-let mortgage study showing that there has been a significant increase in the number of products available to landlords over the past year, with 306 different propositions on offer currently.

"The best deals will continue to be offered to those with a sizeable deposit, but those with just a 20 per cent deposit are starting to see more options available," remarked Ms Slade.

One of the companies she highlighted as having rejoined the buy-to-let sector is Paragon, with the National Landlords Association naming a product from the firm as its deal of the week earlier this month.