Buy to Let Product Index
Our Buy to Let Product Index tracks the number of buy to let mortgage products currently available in the UK mortgage market.
4th September 2011:
Number of Buy to Let Mortgages: 450
Number of Buy to Let Lenders: 24
LTVs
The highest loan to value available is currently 85% LTV. However, 75% LTV is a more realistically achieveable figure.
Fixed Rate Buy to Let Products
Average 2 year fixed rate buy to let: 4.70%
Average 3 year fixed rate buy to let: 5.22%
Average 5 year fixed rate buy to let: 5.56%
The data for our Buy to Let Product Index is derived from our market-leading buy to let sourcing tool, Mortgage Flow, which accesses the whole of the Buy to Let mortgage market in real time and streams the products live. To look at which buy to let mortgages fit your current borrowing requirements, use our instant Buy to Let Mortgage Calculator.
To look at data that compares the buy to let sub-sectors of HMOs and freehold blocks of flats compared to mainstream buy to let property, please take a look at our Complex Buy to Let Index.
As you can see from the graph, the number of products has been rising steadily since September 2010, which is good news for residential property investors. During the Credit Crunch the number of buy to let products dipped below the 100 mark as can be seen in the graph below.
