People with buy to let mortgages 'could find supply'

24 August 2010

Written by Simon Whittaker

People who are able to secure buy to let mortgages could find they are in a strong position to purchase properties at the lower end of the market.

Jacqui Daly, director of research at real estate services provider Savills, says that no one trend is currently shaping the housing market nationwide.

Instead, different effects are being seen in the north and south of the UK, as well as at different rungs of the housing ladder.

Particularly with respect to the availability of lending, she says that higher tiers of the market are still seeing activity, while the bottom rungs are slower.

"It is probably the lower tiers of the market - which is very closely tied with the mortgages - which is probably the slowest part of the market," she says.

Her comments could come as welcome news to people who are able to secure buy to let mortgages, as competition from other borrowers may be low.

Ms Daly suggests that activity across the market as a whole is being driven in part by properties that are priced to encourage a sale.

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