More Buy to Let Mortgages Available in UK – Paragon

The recent financial adviser confidence tracker report by Paragon Mortgages - a panel-based survey of intermediaries - suggests that availability of buy to let mortgages in UK improved.

As many as 43% of surveyed mortgage brokers said that the number of available deals increased in Q3 2010. Another 38% said they have not noticed any changes in the number of mortgage deals for property investors, and only 19% of respondents said the number of available loans fell.

The survey also found that 58% of mortgage brokers expect the situation on the market not to change significantly in Q4, whereas 35% hope it will get even better. The remaining 7% think the availability of buy to let mortgages will decline.

Commenting on the findings, Mr. Heron of Paragon Mortgages said that the market has significantly improved in the past months, however, it still is not back at its pre-crisis level. Many professional buy to let landlords still find it hard to access loans.

If you are looking for competitive buy to let interest rates, use online comparison tools to search for mortgage deals.