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Monday, October 18, 2010

FT buy to let appraisal

The Financial Times talks of the continued cautious outlook in the buy-to-let property market.

Positive news for investors comes with several lenders cutting rates and offering a wider choice of BTL mortgage products.

This brings the range of BTL mortgages up to 306, up from 292 last month and 227 a year ago.

The FT also reports a small increase in average rents.

However this needs to be set against the highly fragile housing market and a very restrictive lending climate requiring heavy deposits and meeting stringent criteria.

There's a long way to go before the 'good times' are back.

Read the FT article here

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