03 Jun 2009

The number of Buy to Let products available has remained stable since April and is remaining at just over the one hundred mark according to Mortgages for Business’ Buy to Let Product Index for June.

The specialist Buy to Let broker reports that this is a positive sign in what has been an extremely difficult 18 months.

Mike Freeman, Technical Support Manager of Mortgages for Business said:

“Using the product availability data gathered from our Buy to Let sourcing tool, Mortgage Flow, we can see how the number of products have changed over the last few months. The continual level of product availability is certainly comforting in what has been a very tough year and a half.

“We are now seeing a more positive outlook from clients and business has started to pick up. The housing market has seen prices bottoming out and there is certainly the feeling that now is the time to purchase that bargain property that investors have had their eye on over the last 6 months.

“Fixed rate money will not stay low much longer and indeed, has already started to rise, so fixing into a 5 to 10 year rate would avoid any risks with interest rate increases over the next few years and we’ve certainly seen a greater interest in longer term fixed rates over the past month.”

If you require a Buy to Let Mortgage or Buy to Let Remortgage please give us a call at Choose Loans on 0845 862 0524 or click Apply Now and complete our simple 30 second enquiry form and one of our experienced Buy to Let Mortgage Advisers will call you back.

Posted 03/06/2009 16:40:41