Published 12 April 2013 · Last reviewed 1 May 2026
Buy to Let Remortgage Products with low Rates and Fees help to fuel a surge in the market Squeeze on first time landlords.
Remortgaging levels reached a new high in the first quarter of 2013, accounting for 69 per cent of all residential buy-to-let transactions up from 43 per cent in the final quarter of 2012*.
Gross yields are also up from 6.3% to 6.4%* which is encouraging for landlords and symptomatic of the more competitive for buy to let mortgages. We have also witnessed the steady rise of buy to let remortgaging from existing professional landlords.
It’s not all good news though we’ve seen some major changes in regards to first time buy to let landlords with some major buy to let lenders players adjusting their criteria and asking for proof of earned income which not too dissimilar to the stance taken on a residential owner occupier purchase.
Where the market is certainly is improving is on the professional landlord’s side of things. There is now a tendency to underwrite this client category on the basis of their buy-to-let acumen rather than look at ‘earned income’ derived from employment or self employment in areas not associated with property. This relaxation of the rules has opened up opportunities aplenty and in fact teased out many pensioners, with buy-to-let experience, who are looking to continue top-up their retirement income through property investment.
As a ‘whole of market’ Buy to let Remortgage Broker we have access to a number of buy to let purchase and remortgage products that top out at 85% loan to value but these require expert scrutiny as can have onerous terms. The buy-to-let market becomes more buoyant at 75% and obviously the higher the equity the betters the rates become.
* Source of statistics: Mortgage Strategy Online 10th April 2013
Payam Azadi is a partner at Niche Advice Ltd who are Independent Financial and Mortgage Advisers in London.
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