It took its time and now there are TWO lenders offering 80% LTV for buy to let properties.
It is early days and the product is being tested by selected clients. If you want to give it a try and become one of our clients then speak to my in-house broker.
Just as I thought finance was becoming scarce this has happened. We live in such uncertain times when you simply do not know what is round the corner.
The unemployment figures were a shock and I have to admit prospects do not look good for a small section of the UK population.
Interest rates will be low for a very long time until we get out of this recession. Everyone says it will be very long but some how I think we will surprise all of us and bounce back out. I am always the optimist though!
Now, when is an 85% coming back? And a 90%? Will it be before the end of the year?
I would not be surprised if there is a 90% buy to let mortgage for:
Who knows. All I know is that it is a momentous week for buy to let as it is a clear signal that buy to let could be on its way back.
Need help? Speak to my team.
Posted on: 16th Jul 2009