28 Apr

Buy-to-let mortgage market 'is on the up'

Buy-to-let mortgage market 'is on the up'

The buy-to-let mortgage sector in the UK has shown signs that it is picking up, it has been suggested.

According to David Whittaker, managing director at Mortgages for Business, the market has "turned" and there are now more opportunities for investors to access finance.

This means they should find it easier to purchase properties and expand their portfolios.

He remarked: "Essentially, we are back where we were four-and-a-half or five years ago and the market was absolutely fine."

Mr Whittaker went on to note that there is one lender set to launch in the near future which has not been in the buy-to-let market before.

The expert made his comments following the release of research conducted by LSL Property Services, which revealed that 13 per cent of landlords succeeded in accessing a mortgage last year.

It also showed that 28 per cent of such investors intend to expand their portfolios over the next 12 months.

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