Combine a lettings market with low stock and, a Buy-To-Let market with not enough competitive mortgages and what do you get? Well you know: more people staying at home (and more ulcers for Mum and Dad)!

Thank goodness the former will get a boost from the greatly improving availability of BTL mortgages predicted as banks turn their heads around and start lending again.  It is predicted that 20 more lenders will soon join the pathetic few (currently 4) offering suitable products for the landlord/investor.

With increasing competition (some of it coming from, would you believe, China) comes more available money at better rates. 

Currently anything over 60%LTV attracts with it a higher lending rate, typically 4.7%APR. Whereas 4.7% works when current rental yields exceed 6% (e.g £470pcm mortgage payment with £600pcm rent) nevertheless any lowering in the borrowing rate means increased cash-flow in your pocket thank you very much.

For the analytically minded amongst you, funding dropped 81% since 2007.  In 2009, it dropped 69% compared to 2008. There is a staggering 1,400 less suitable products on the market than in 2007 but we are pleased to report that this trend is now seriously reversing. 

Professional Landlords, more and more, represent an agreeable risk to lenders who are beginning to view this type of business as increasingly profitable for them.

As recovery in the BTL market continues, we shall all be glad to see lending rates 'tumble'?! 

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