PROPERTY NEWS: OVER 950 BUY TO LET MORTGAGE OPTIONS AVAILABLE
There are now over 950 different types of buy to let mortgage available, compared to only 700 a year ago.
Today’s total is the highest for over six years, and many of the new products are aimed at retired and self-employed buy to let investors.
Housing and financial analysts say this rapid growth in mortgage options is a sign that despite recent changes to the rental sector – with the introduction of new regulations over tenants’ rights, health and safety, and evictions – there is still a very high level of demand from prospective investors.
This week new government forecasts reveal that as soon as 2020 some 22 per cent of households will be privately renting, compared to 18 per cent now.