93% of buy-to-let mortgage deals vanish

The buy-to-let mortgage market has shrunk dramatically since 2008, a new study finds.

Moneyfacts reveals that mortgage lenders have removed 93% of their buy-to-let deals from their range of profucts in the last 12 months.

The remaining deals demand at least a 20% deposit, the research says.

This entry was posted on Monday, January 19th, 2009 at 4:50 pm and is filed under Buy to Let Mortgages, Mortgage Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Huey Says:
January 21st, 2009 at 9:23 am
Ok, so 93% of deals have gone… but this doesn’t mean that buy-to-let customers have dropped by the same amount. From what I’ve heard, the buy-to-let market is still doing ok.
James Says:
January 22nd, 2009 at 6:18 pm
20% isn’t too bad - there are 40% deposit mortgages out there. It could be (and might be) a lot worse.
David Says:
January 26th, 2009 at 9:21 am
That’s a lot of variety gone, but there are still people out there getting buy-to-let mortgages. It’s just a question of being a bit more tenacious.