BTL loan sizes rose during Q4

Published on

Buy-to-let and commercial mortgage broker TBMC has seen an increase in loan size for mortgage offers obtained during the last quarter of 2010.

Its Landlord Profile Tracking Index, which track developments in the UK buy-to-let mortgage market, also found a continuing rise in average rents, while fixed rates rose in popularity and demand for remortgages increased.

Andy Young, chief executive at TBMC, suggested that the large rise in average loan size was down to a number of factors. He said: “The availability of some higher loan to value products and an increase in house prices contributed to this rise

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

Target Group launches staff AI programme for regulated finance

Target Group has launched an AI Champion programme to encourage the responsible use of...

Employment history rises up brokers’ mortgage search agenda

Employment history became a more pressing concern for mortgage brokers in July as changing...

Half of homes taking longer to sell as regional divide widens

Homes in almost half of Great Britain’s local authority areas are taking longer to...

The uncomfortable truth about the later life lending market

The headlines around the latest Equity Release Council figures released this month all suggested...

Revived Help to Buy would inflate prices: Lamdin

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

Latest publication

Other news

Target Group launches staff AI programme for regulated finance

Target Group has launched an AI Champion programme to encourage the responsible use of...

Employment history rises up brokers’ mortgage search agenda

Employment history became a more pressing concern for mortgage brokers in July as changing...

Half of homes taking longer to sell as regional divide widens

Homes in almost half of Great Britain’s local authority areas are taking longer to...