Average BTL mortgage over 30% higher year-on-year

Published on

TBMC’s latest Landlord Profile Tracking Index has indicated a increase in both loan size and loan-to-value for buy-to-let mortgage offers during the third quarter of this year.

The commercial and buy-to-let specialist has also reported a narrowing price gap between fixed rates and trackers, meaning that fixed rates are proving popular amongst landlords, as well as continuing rise in remortgaging demand.

Andy Young, chief executive at TBMC, said: “It is encouraging to have seen the steady increase in loan size over the last three quarters with the average buy-to-let mortgage now over 30% higher than it was during the final two quarters of 2009. This reflects the gradual recovery of property prices and the availability of some higher loan-to-value buy-to-let products in the mortgage market. The average loan-to-value is also creeping up slowly and was 66.13% in quarter three compared with 64.23% during quarter one.””

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Revived Help to Buy would inflate prices: Lamdin

Restoring Help to Buy would strengthen developers’ sales without solving the underlying affordability crisis...

One in three workers financially fragile despite being employed

More than a third of UK employees remain financially fragile despite being in work,...

Nationwide cuts fixed mortgage rates by up to 0.15%

Nationwide Building Society is reducing selected fixed mortgage rates by up to 0.15 percentage...

L&G appoints Kerrigan to drive Ignite broker rollout

Legal & General has appointed Craig Kerrigan as broker relationship manager for its Ignite...

Iress UK lifts underlying earnings as costs fall

Iress UK increased underlying adjusted earnings by 43% in the first half of 2026...

Latest publication

Other news

Revived Help to Buy would inflate prices: Lamdin

Restoring Help to Buy would strengthen developers’ sales without solving the underlying affordability crisis...

One in three workers financially fragile despite being employed

More than a third of UK employees remain financially fragile despite being in work,...

Nationwide cuts fixed mortgage rates by up to 0.15%

Nationwide Building Society is reducing selected fixed mortgage rates by up to 0.15 percentage...