Buy-to-Let Mortgages Continue to Grow in Popularity

The National Landlords Association (NLA) has reported a continued increase in the popularity of buy to let mortgage products.

A survey by NLA Mortgages found that the number of schemes provided during the second quarter of 2011 grew by 25% when compared to the first three months of the year.

Average loan sizes also increased by £2166 to £138,525.80, representing a growth of 6.4% since January. 

This growth is mainly due to the greater number of lenders offering higher loan-to-value (LTV) mortgages and the availability of finance for Houses of Multiple Occupation (HMOs), which tend to be higher value properties.

Over 50% of buy-to-let offers processed by NLA Mortgages were for loans over 70% LTV – resulting in an average LTV of 67%.

Low interest rates and future predictions were reflected by the increased popularity of variable mortgage products, comprising 59% of all mortgage applications.


Peter Licourinos of Prospect Investors Club commented:  ‘In Reading and the surrounding areas, we have seen a  massive increase in Buy-to-Let Investors, some of whom are new to this investment sector. 

If you would like free, impartial advice on how to become a Landlord, what property to buy, how to get the correct finance, email me at plicourinos@prospectinvestorsclub.co.uk or call me on 0118 955 9712