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Landlords favour flexible lenders

Landlords are increasingly choosing lenders that are more accommodating of potential expansion of investment portfolios, says Mortgage Trust.

Its research found that almost a half of small scale and professional landlords would choose a lender based on easy access to further funds, and over 35% would make a decision based on there being no limit to the number of properties allowed.

John Heron, managing director of Mortgage Trust, says: Our research suggests that lenders are favoured based on how accommodating they will be of potential acquisition of further property.

“The fact that landlords will borrow from a certain lender based upon potential expansion shows further proof that the buy-to-let market outlook remains positive.

Taking out mortgages on new properties can be a time consuming job and 41% of landlords surveyed stated that minimal documentation would make them favour a lender.

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