29 September 2014
Higher loan amounts were offered to landlords during Q1 2011, according to the latest Landlord Profile Tracking Index from TBMC.
Data from the buy-to-let and commercial mortgage specialist also reveals:
- Growing interest in tracker rates;
- Over 90% of buy-to-let tenants are families or professionals;
- Terraced houses and flats are the most popular buy-to-let properties.
Andy Young, chief executive at TBMC, said: "The buy-to-let mortgage market is continuing to show signs of growth and development as more lenders enter the marketplace, bringing new product ranges and greater choice for landlords.
"Increased competition has resulted in better schemes being offered to buy-to-let investors enabling them to borrow more at higher gearings."