//
Malcolm Harrison, an independent property industry expert, explained that the whole mortgage sector has changed and this includes the buy-to-let segment.
He noted that there is a significant difference for people seeing a mortgage provider nowadays compared with the situation before the global economic downturn.
"A buy-to-let mortgage lender is going to want a larger deposit than they wanted three or four years ago," Mr Harrison pointed out.
In his opinion, the funds are available, but banks are more eager to give them out to mature investors.
Mr Harrison's comments were made in response to research by the National Landlords Association urging companies in the mortgage industry to ensure that all buy-to-let products offered are sustainable.
The organisation's director of operations Richard Price stated that such arrangements must take into consideration long-term aspects.
Posted by Greg Secker
