Remortgages lead the way

According to an industry expert Andy Young of TBMC, remortgages accounted for over 40 per cent of all buy-to-let mortgages in the first three months of this year.

Mr Young said: "TBMC has seen a steady growth in the remortgage market over the last three quarters, with 45 per cent of applications received in the April to June quarter for remortgages up from 41 per cent in the first three months of this year."

Any Young of of TBMC believes that the strength in remortgages reflects the recent availability of some competitively priced buy-to-let mortgage products in the market place.

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