Since the past 10 months have shown a regular increase in house prices and that we are now over 10% up on this time last year. Lenders are now happy to increase their lending limits (Loan to value or LTV) to 80%. Meaning landlords only need to provide a 20% deposit to purchase a buy to let property.
With many professional landlords being unable to expand their portfolio over the past 18 months as they have reached their maximum lending. This is encouraging signs. If you need assistance with your buy to let mortgage use the contact me facility on our website, or call us on 0845 805 4350.
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