Improvements in Buy to Let in 2010 - 22.12.09

Author: Steve Olejnik Posted on: 22 December 2009

It’s been a tough year for Buy to Let investors looking for finance this year. I am pleased to report that 2010 is looking a lot better with improved options as follows:  

-       We are expecting a range of improved Buy to Let mortgages up to 75% Loan to Value. Borrowers looking for fixed rates will have more options and those looking to remortgage and raise capital will also have a wider choice of viable products.  

-       HMOs and Multi-Unit Freeholds – MFB now has access to lenders happy to finance multi-let properties up to 70% LTV at competitive rates  

-       Light Refurbishment Products –  as mentioned in previous blogs, we can now arrange finance for properties which need some work before getting in a tenant.  

-       Ltd Company Buy to Let mortgages – we now have lenders happy to lend to Limited Companies up to 70% LTV.  

Watch this space as criteria improves and new lenders and products hit the market. 2010 looks like being a good year for property investors and I strongly recommend that you speak to a specialist broker to keep up to date with the finance options available.   In the meantime have a great Christmas and the very best to you all for the New Year.