Demand for landlord home loans remains - buy to let mortgages

11 May 2009

There is still a level of interest for buy to let mortgages from would-be landlords and those who are already involved in the sector, it has been suggested.

Chris Horne, editor of the website Property Hawk, remarked that there is "quite a strong demand" for such products at the moment, despite the current economic crisis in the UK.

Indeed, his comments come after the Association of Residential Letting Agents said in the first quarter of 2009 8.2 per cent of its members reported that landlords were buying more properties, compared to the 3.5 per cent who expressed a similar sentiment at the end of 2008.

However, Mr Horne warned that lenders may not be so willing to offer the loans as they were two years ago.

"Unfortunately, we are in a situation where the market is reconsolidating itself," the expert explained. "After the boom years there were very generous terms for buy to let mortgages and all forms of lending."

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