Complex Buy to Let Index
The index tracks buy to let loan size, property value, loan to value and yields and focuses on the previously unreported sub-sectors of the more complex buy to let mortgage transactions, specifically Houses in Multiple Occupation and multi-unit freehold blocks.
Results are published quarterly based on transactions carried out via Mortgages for Business in the previous three months.
Speaking about the index, David Whittaker, managing director at Mortgages for Business said:
“Client feedback indicated that active professional landlords and residential property investors are keen to understand more about market dynamics and key trends. While they read journals and articles from the Council of Mortgage Lenders and other sources, they believe that the data is too general and historic by the time it is collated and analysed.”
Rob Lankey, managing director of Commercial Mortgages at Aldermore Bank, welcomed the launch of the index in January 2011 saying:
“Mortgages for Business has shown real initiative in taking a lead in providing timely and relevant market data against which we can measure our own activity in those key areas of HMO and multi unit freehold lending. The more data any lender can access on market segments, the more confident that lender will be about its lending appetite for that sector. MFB is to be congratulated on the quality of the output data and we look forward to the results of their next quarterly review”.
