New mortgage products may lead to more flats to rent in London
Recognition of strong potential in the buy-to-let market from money lenders could see a rise in the number of flats to rent in London.
David Lawrenson, landlord expert at LettingFocus.com, said mortgage providers are confident that landlords will be able to repay finance they have borrowed due to the strength of the market.
He added that the institutions are now offering property owners new products, while some institutions have seen an opportunity to provide finance due to a lack of competition.
"Other lenders have jumped in and clearly seen that there is strong potential in this market," he stated.
Earlier this week, Paragon Mortgages revealed that buy-to-let property finance products were more readily available from almost half of all mortgage brokers in the third quarter of the year.
Figures published by the company showed more than a third of intermediaries believe the availability of the property finance will improve further over the next three months.
By Andy Britten
Published 5th November, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Streatham town centre to be improved by BID?
Major improvements could be made to Streatham town centre thanks to a new business partnership.
Read Article ... Published on 25th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Mortgage providers are now more prepared to offer more deals to landlords, according to one expert.