The lack of buyers in the housing market means that many are choosing to rent versus buy.  With lending criteria still rather strict after the credit crisis, households have found it hard to purchase a new home.  Whether by choice or by force, renting is the option most in demand currently in this weakened economy.  Landlords are finding that this is pushing lenders to offer more and better buy to let remortgage and mortgage products.

Buy to let remortgage products are in high demand as landlords are looking to secure low interest rate mortgage payments while the Bank’s interest rate remains unchanged at 0.5 per cent.  Buy to let remortgages are also in high demand by landlords looking for a means to secure more properties for their portfolios.  Lenders are responding to the needs of landlords and new soon to be landlords by offering the products they need to be successful and bring more properties to market.  One instance of this is the recent Mortgage Trust announcement of 18 new buy to let products available for landlords.

John Heron, managing director at the Mortgage Trust, remarked, "Mortgage Trust returned to lending in April and we have secured a strong position back in the buy-to-let market in this short space of time.

"The launch of eighteen new products will appeal to an even broader spectrum of landlords and intermediaries, providing support to the growing needs of the private rented sector.

"We are offering intermediaries a range of product choices, LTVs and fees so that they can find the most suitable combination for their landlord client.

"Intermediaries should consider the overall package of the product when searching via sourcing systems, rather than just the headline interest rate."