Number of B2L deals doubles in two years
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The number of buy-to-let deals on the market has doubled in just two years, according to Moneyfacts research.
There are currently 486 buy-to-let mortgage deals available, compared to 386 last February and 243 in February 2010.
A spokeswoman for Moneyfacts, says: “During the peak of the credit crisis the number of buy-to-let deals shrank considerably as lenders saw it as a high risk area of the market.
“Many aspiring homeowners have had their property dreams dashed due to strict lending criteria and large deposits, meaning the only option left is to rent. This increase in demand for rental properties has resulted in a degree of competition returning to the buy-to-let sector, giving it a well-needed boost.”
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