BTL mortgages up 70%

Buy-to-let mortgage products available to landlords have almost doubled since the low point in September 2009.

A spokesperson for the financial website Moneyfacts Darren Cook claimed "competition has returned to the market" and highlighted how the loan-to-value offered by lender has also increased.

The company revealed there are 304 buy-to-let mortgages available on the market now. This is up from 179 in September 2009, an increase of 70%. However, this is still less than a tenth of the buy-to-let mortgage products that were available to landlords at the peak.

Darren Cook also highlights the fact that rates are falling. The average interest on a two-year fixed deal has fallen from 5.96 to 5.66 per cent during the same time.

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