Landlords leading the way in remortgage market
Remortgaging amongst landlords was ‘significantly higher’ during April, May and June than purchase activity. There is, however, an expectation that many landlords will use the equity to expand their portfolio and further capitalise on the demand for private rented accommodation.
While the number of buy to let lenders has reached a plateau at 27 there has been an increase in the amount of deals available to landlords, up from 434 in Q1 2013 to 465. This has largely been aided by the government’s Funding for Lending Scheme (FLS) which has allowed lenders to pass on savings to property investors.
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Content correct at time of publication