Average BTL rates fell during Q2

Published on

Average buy-to-let loan sizes increased by a further £2,166 during the second quarter of 2011, following on from the £6214 increase in the previous quarter, according to TBMC’s latest Landlord Profile Tracking Index.

The buy-to-let and commercial mortgage specialist, said this represented growth of 6.4% since the beginning of 2011.

The firm attributed this in the main to a larger number of lenders offering higher loan-to-value (LTV) mortgages and the availability of finance for Houses in Multiple Occupation (HMOs), which tend to be higher value properties.

Andy Young, chief executive at TBMC, said: “According to the Index

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

Market Harborough cuts rates on larger residential loans

Market Harborough Building Society has reduced rates on its larger loan products by as...

Shawbrook promotes Apollonio to lead retail mortgage sales

Shawbrook has promoted Louise Apollonio to sales and distribution director for retail mortgages, as...

Clydesdale Bank raises fixed mortgage rates across core and specialist ranges

Clydesdale Bank is set to raise a range of fixed mortgage rates from Monday,...

Growth in online auctions reshaping UK property market

The UK property auction market is being rapidly transformed by digital platforms, with record...

Mount Street appoints new head of HR to lead global people strategy

Mount Street Group has appointed Fatima Badini as head of human resources, with a...

Latest publication

Other news

Market Harborough cuts rates on larger residential loans

Market Harborough Building Society has reduced rates on its larger loan products by as...

Discount Market Value: a local solution for a national housing challenge

The UK housing market is under constant scrutiny, especially when it comes to bolstering...

Shawbrook promotes Apollonio to lead retail mortgage sales

Shawbrook has promoted Louise Apollonio to sales and distribution director for retail mortgages, as...