Nine in ten landlords criticise buy-to-let lenders
Tuesday 22nd May 2012
Almost nine in ten landlords are dissatisfied with the buy-to-let mortgage market. A total of 89% want to see more lenders and greater competition, while 74% say that buy-to-let lenders should be more innovative.
The findings are from research among National Landlords Association members, which also found that more than half do not believe that access to buy-to-let mortgages is getting any easier. Three in five said that their individual circumstances as landlords are not being considered by buy-to-let lenders
Despite widespread dissatisfaction, one in ten landlords have added properties to their portfolios over the last three months and one in five expect to expand their portfolios in the next year.
Other findings from the NLA research show that 72% of landlords carry borrowing on all or some of their current portfolios. The average landlord has 7.7 buy-to-let loans.
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Editorial Contact Details - Rosalind Renshaw