Buy to let lenders under pressure to supply more products

Landlord Expert
By Landlord Expert November 7, 2011 12:25

Some experts even go as far as to say there is likely to be a shortage in the months ahead. Rental property managers admit to waiting lists and landlords report that they can fill a vacancy as quick as it happens.  Landlords wanting to profit from the trend in the buy to let market are demanding better and more varied remortgage offers from lenders. 

Landlords are trying to meet demand and profit from the buy to let market by adding to their portfolios.  They are doing so by remortgaging their existing properties to gather more to offer to renters.  While there have been many more buy to let remortgage products on the market, landlords need more to meet the demand they are facing from renters.

Renters are flooding the market because would be buyers are being shut out of the buyer’s circle.  Few can enter onto the property ladder because they cannot afford the high level deposits that are required for approvals with mortgage lenders.  Without the ability to purchase they are forced to rent.  There are still those that choose to rent that increase demand and rental fees upward.  Students, young adults, new families, and families not ready to take on mortgage debt are all in the rental arena with those that would otherwise be buying.  The trend is expected to continue and landlords need help in getting the properties to offer this wide range of families and adults that need a place to live.  More remortgage products are needed that are geared toward the landlord looking to increase their property listings.

 

Landlord Expert
By Landlord Expert November 7, 2011 12:25

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