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Buy-to-let deal count reaches 10-year high

The number of buy-to-let products on the market have risen to 1,725 in September 2017 – the highest number since December 2009.

Comparatively there were just 1,339 products in September last year – as the number of limited company products have increased in response to strong demand.

Charlotte Nelson, finance expert at Moneyfacts, said: “The BTL market has had an understandably bumpy ride of late, considering all the regulation and tax changes it has had to contend with.

“Despite this, the market seems to be buoyant, with the number of available products reaching its highest point since the 1,942 products that were recorded in December 2007, almost a decade ago.

“The market has clearly recovered from the tougher affordability rules that were put in place on 1 January, when it saw a dramatic drop in the number of products available to landlords.

“Since then, the number of deals on offer has gone from strength to strength, culminating in a rise of 7%, the highest month-on-month growth Moneyfacts has seen in 2017.”

Sourced From: Mortgage Introducer