Rise in available buy-to-let deals reported

Posted: 17 Nov 2009 12:39:02 GMT

The number of buy-to-let deals available in the UK has increased from 179 in September 2009 to 239 today, according to personal finance website Moneyfacts.co.uk.

In September, availability was at a record low but there are now indications that the market is recovering, the advice portal stated.

Spokesperson for the site Michelle Slade said there have been "positive signs" throughout the buy-to-let mortgage market during the last few months, although the availability of loans is still considerably reduced compared with two years ago.

Landlords looking to secure a mortgage ahead of renting out property face a number of obstacles in the current climate, including the fact that - on average - their portfolios are not worth as much as they once were.

This is despite Nationwide Building Society and Halifax reporting consistent rises in property prices over the last few months.

Ms Slade commented: "Many landlords' biggest problem in securing a competitive deal will be finding the deposit needed, as previous house price falls are likely to have eaten into the equity available in their portfolio."


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