Buy-to-let loans on the increase?

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Buy-to-let loans on the increase?

As more look to raise funds during the recession, many brits are looking to the simple answer of renting properties; however all is not so straightforward as lenders become more defensive in accepting buy-to-let loan applications.

The buy-to-let financiers are holding back from lending more money as 30 percent of residential landlords admit they are struggling to retrieve rental funds from their unreliable tenants; reflecting a jump of over 18 percent compared to the beginning of 2008.

New landlords of today, who hope that the residential property market may be the way forward are going to find it difficult to secure a loan from the bank.

For those who have already tackled this hurdle you may want to purchase rent guarantee insurance from Insure My Let Property giving you that added protection should your tenants fall into rental arrears.

September 11th 2009

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