Latest News
01 Oct 2009
How easy is it to obtain a buy-to-let mortgage?
According to research carried by The Paragon Group, professional landlords are reporting that buy-to-let mortgages are becoming difficult to obtain.
The findings arouse after Paragon's recent Trends research, which involved a panel-based survey of UK landlords. Over half of the professional landlords taking part in the research (54%) had attempted to obtain a buy-to-let mortgage in the three months leading up to the end of August 2009, either for buying a new property purchase or for remortgaging purposes.
Of those 54%, nearly nine out of 10 commented that it was more difficult to secure a buy-to-let mortgage than it previously had been.
Nearly one in 10 (8.4%) people said they'd not noticed any change in the availability of buy-to-let mortgages and 2.8% said they'd found it slightly easier to get a mortgage.
The number of buy-to-let mortgage options available has dropped slightly from May 2009, from 218 to 196, but they're certainly not unobtainable.