Buy to let mortgage news

There are only 20% of the number of buy-to-let mortgage products available compared with the number on offer five years ago. There are now 411 buy-to-let deals compared with 2,265 just five years ago, according to a report by Moneyfacts.

Rachel Springall, spokesperson for Business Moneyfacts, said: “As interest rates have fallen for buy-to-let deals, product availability and therefore choice has also dropped a staggering 82 per cent in five years.”

Of course whilst we don’t like to see landlords being unable to build their property portfolio, the reason so few buy-to-let mortgages are available is another reason why our investors find The House Crowd model with no need for banks or mortgages so attractive.