Less demand for buy to let mortgages
Prominent lender Pink Home Loans claimed today that the number of people seeking buy to let mortgages.
Pink’s most recent survey of intermediaries revealed that 73% had experienced a notable drop in interest in buy to let mortgages in the past few months.
A small proportion, 11% in total, had experienced an increase in buy to let mortgage seekers, whilst 16% had noticed no change in the market since the housing crisis.
December 3rd, 2008 at 9:08 am
Is that in line with other mortgages, or higher than the average? There is so much spin-doctoring around it’s hard to tell what’s important and what’s just a news story.
December 15th, 2008 at 3:30 pm
I think it’s higher, though I don’t know how it compares in other ways (rate, LTV etc) and so whether it’s a fair comparison.