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Monday, October 31, 2011

Mortgages double

Statistics just released show that the number of buy to let mortgage deals on the market has doubled since it's low point in 2008..

Defaqtos figures reveals that in October 2008, there were 237 buy to let mortgage products for landlords to choose from; currently, there are 483 products on the market, an increase of 104%.

The research also shows that increasingly these buy-to-let mortgages are available through mortgage brokers. Currently 86% of landlord mortgages are available through intermediaries. In 2008 this figure was 70%.

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