The availability of buy-to-let mortgages is likely to continue shrinking as Bradford and Bingley, a leading specialist in the market made the decision to withdraw all of their buy-to-let products. Their move in this direction has prompted their smaller rival mortgage providers to evaluate their products and either re-price their offerings or follow suit and yank them all together.
Established landlords with cash deposits are still very much sought after and there are deals to be made with numerous lenders. Unfortunately the same cannot be said for those that are looking to re-finance or the novices out there looking to enter the market as that particular sector is speedily drying up.
It is a shocking revelation that there has been a 25% drop in buy-to-let mortgages products on the market when compared to a week ago a move that has come about as a direct result of the Bradford and Bingley nationalisation.
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