The size of the buy-to-let mortgage sector has been pretty stable over the last couple of years at around £36 billion. However, IMLA (The Intermediary Mortgage Lenders Association) is forecasting £283 billion for the total amount of mortgage lending in 2021 and some are predicting growth in the buy-to-let sector, perhaps beyond £40 billion.
The buy-to-let mortgage sector may also see new interest among larger mainstream lenders looking to widen their propositions with products that provide a good margin, so specialist lenders may experience some additional competition for market share.
All of this bodes well for landlords as lenders are demonstrating an appetite for business, providing an increasing number of products to choose from and widening criteria options to suit most buy-to-let mortgage requirements.
5 GREAT REASONS TO CHOOSE US FOR YOUR BTL MORTGAGE:
📍 No maximum property limits
📍 Flexible lending criteria
📍 Buying through a Ltd Company allowed
📍 Personal business development contacts allowed
📍 25% deposits
Give us a call today to discuss:
Mortgage Advisor, Belfast
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE