There is "quite a strong demand"for buy-to-let mortgages from would-be private landlords, according to Property Hawk editor Chris Horne.

However, the current state of the market dictates that there is a similar attitude among lenders to what was witnessed around 15 years ago, he said.

It means that, despite demand for buy-to-let products, there may not be high levels of approvals.

"Unfortunately, we are in a situation where the market is reconsolidating itself,"Mr Horne explained. "After the boom years there were very generous terms for buy-to-let mortgages and all forms of lending."

Home loan firms were probably taking "uncompetitive or unrealistic margins on their lending", which is no longer happening across the board, he added.

Evidence from the Association of Residential Letting Agents also suggests there is more demand for properties among landlords.

In March, the group said that 8.2 per cent of its members reported that landlords were buying more properties in the first quarter of 2009, compared to 3.5 per cent in final three months of last year.

Written by Mark Garner

Related posts:

  1. Landlord rent ‘remains strong in parts of UK’
  2. River Thames property ‘remains in high demand’
  3. Landlords ‘could see increased demand for rental properties’
  4. New private landlords ‘constrained’
  5. Holiday Let Mortgages The need for specialist advice

Leave a Reply

You must be logged in to post a comment.