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Thursday, October 17, 2013
Average LTVs and loan sizes remain high
As competition among lenders has remained strong, the ability of landlords to obtain higher level of lending has improved. Although Kent Reliance is still the only lender offering 85% LTV buy-to-let mortgages, there is a wide selection of lenders and products available at 80% and 75% LTV. Landlords are also clearly interested in employing higher gearing in their property investments, as the average LTV for offers processed by Property Hawk Mortgages during Q3 was 74.69% (up from 73.91% in Q2).
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1 comment:
I cannot believe that after the bubble burst in 2007 we are now supporting 95% loan to value mortgages - are the government setting us all up to FAIL
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