Buy To Let Funding Sees New Approach to Landlords

Those entering the buy to let market are likely to find companies providing UK mortgage offers have a "smart and savvy" approach to landlords.

According to David Lawrenson, private rented sector expert at LettingFocus.com, UK mortgage lending firms who are new to the buy to let funding market will be "a lot cleverer than the one-size-fits-all lending of the past".

"We are going to see a much more clever market and product than we have seen to date. For example, they will look at the location perhaps where someone is buying and they will look at the risk of the landlord. That will be good for the landlord," he explained.

Overall, the financing situation for those with property to rent in London and other locations will "continue to get better too".

Mr Lawrenson's remarks come after research from Mortgages for Businesses found the number of buy to let mortgage products has more than doubled in the last 12 months, increasing from 142 to 298.

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