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Tuesday, July 31, 2012

LTV continues to rise

Since the beginning of the year there has been a gradual increase in the average loan-to-value (LTV) for buy-to-let mortgages processed by Property Hawk Mortgages. At the end of the 2011 the average LTV for mortgage offers was 63.41%, the lowest it had been for two years as the choice of higher LTV products for landlords was limited.

However, the last six months has seen a significant improvement in the number of lenders and products available at up to 80% LTV and there are even some 85% LTV products currently on offer. This is great news for landlords, especially professionals who may prefer a more highly geared portfolio, which can potentially allow them to release funds to buy more properties and increase their overall returns.

In Q2 2102 the average LTV for mortgage offers at Property Hawk Mortgages was 67.30% which is the highest it has been for two years

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IMPORTANT! Due to current market conditions, lenders are withdrawing and replacing products with little or no notice. Please check our website regularly to see the most up-to-date products available.
Your home may be repossessed if you do not keep up repayments on your mortgages.The Financial Services Authority does not regulate some forms of mortgage.

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