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  • Mortgages & Finance

    BTL Mortgage deals dry up - claims Telegraph

    The number of buy-to-let mortgages available is falling as lenders respond to new regulation and a fall in demand from private landlords, who face a swathe of new taxes.

    The number of loans available has fallen 5pc in the past four weeks, marking the steepest decline since the banking crisis, according to comparison service Moneyfacts.

    It said that in total the number of available mortgages had fallen from 1,482 to 1,408, the largest drop in numerical terms since March 2009, when lenders drew back from the sector and concentrated instead on mainstream homeowner business.

    http://www.telegraph.co.uk/investing/buy...pull-back/

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    Learn Change and Adapt ?????

    Im not sure about "dry up" they state that number have products have gone down by 74.
    That seems rather high to me! Many lenders did withdraw a lot of mortgage products in order to introduce new products post PRA changes. Perhaps they have made an error.

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    Looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance. The above is not financial advice, its me rambling - just passing time on a coffee break.

    Most new BTL mortgage business has been as a result of LL remortgaging

    So no real new business

    It seems that there hasn't been a flood of FTB buying up all the properties available that LL might have purchased

    Funny that!!!

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