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Landlords 'snapping up' buy-to-let properties
  
2nd April 2011
0 comments 0 comments | 425 views 425 views
  

Improved access to mortgage finance means more landlords are buying up buy-to-let properties, an expert has said.

Lending conditions are starting to ease, noted editor at Property Hawk Chris Horne, meaning people are able to access homes more freely while prices are still reasonable.

He continued: "Recently, a lender had the first 85 per cent loan-to-value mortgage for landlords since the crash.

"We have seen these products slowly coming [available] and it is making buying property, for landlords, more affordable."

Mr Horne emphasised that one of the main benefits for landlords is that they can take a long-term approach to their mortgage, as many of them intend to keep hold of a property for a considerable amount of time.

The Intermediary Mortgage Lenders Association recently suggested that the government needs to do more to free up mortgage lending if the housing market is to get moving again.
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