BTL mortgages become more appealing to investors

New research shows that average maximum loan sizes available to buy-to-let landlords in the UK market have grown by 13% over the past year. The figures show that the maximum loan size right now is around £421,053, while it was an average £401,053 in December last year. Meanwhile, analysis by Moneyfacts shows that there were 2,235 mortgage products available last month for first-time landlords. This is a significant increase from the 1,311 mortgage deals on the market in February 2021. Moneyfacts finance expert Eleanor Williams observes that this level of product recovery echoes what has happened in the wider sector. There is even more on the market now than there was pre-pandemic, showing appetite is incredibly high in the UK buy-to-let market, and lenders are keen to capitalise on this. The data also shows that 64% of the lender market caters for this specific borrower type, and this figure has held steady year-on-year.

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