Better Expectation in the Buy-To-Let Market
Expectations of activity in the buy-to-let market have risen after research by a leading financial products comparison site showed that more BTL mortgage products are coming to the market.
The research indicated a 70% increase in mortgage deals aimed at BTL investors and that's interpreted as the market finding its feet. If the lenders are right and there will be more activity in the market, then an increase in applications for buy-to-let insurance and landlords insurance can be expected too.
Some of the new mortgage products come from lenders re-entering the market while other are new to the UK BTL market.
This sign is countered by fears that planned capital gains tax (CGT) changes imposed by the new government may make the market uncompetitive once more.
News brought to you by Insure My Let Property providing UK landlords with a comprehensive amount of let property insurance.
May 28th 2010