The Residential Landlords Association has argued more needs to be done to make sure that residential landlords can attain purchase to let funding.
Chris Town, vice chair of the organisation, saw that financial support options are tricky to come by at present, and this is influencing those with properties to rent in London and other parts of UK.
“It is restricting the quantity of accessibility to buy 3 mortgages from 1 lender which for expert landlords is quite restrictive,” he pointed out.
“Even though the property market is opening up a little bit or there are hints of it loosening up, it is still very uncertain for expert landlords who want to get into the market in a strict way.”
Mr Town maintained that it is “critical” for the government to force banks into lending to property investors and landlords, as this will attract other sections of the economy including building protection.
His comments following the research from Paragon shows that brokers think to augment by to let mortgage activity in the coming year.
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