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25 May 2006
Brokers are calling for better value for buy-to-let mortgage products, research from Alliance & Leicester reveals.
With rising demand in the buy-to-let market and analysts predicting further growth, around 43 per cent of mortgage brokers are calling for better value products.
More than three quarters of mortgage brokers (76 per cent) saw demand for buy-to-let loans increase in the last three years, while 55 per cent believe the market will continue to grow in the next two years.
Brokers believe that better value products will be the key driver for market growth, claims Alliance & Leicester, with 63 per cent calling for more well-known lenders to enter the buy-to-let market.
"It comes as no surprise that brokers are calling for better value for buy-to-let mortgages as the market is becoming increasingly mainstream as more people are investing through buy-to-let as a means of enhancing profits or supplementing their pension income," said head of intermediary mortgages at Alliance & Leicester, Mehrdad Yousefi.
If you are considering applying for a buy-to-let or another type of mortgage, you will be credit checked. Order your credit file first and find out what lenders see.
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