Homeowners are not the only ones benefitting from the low interest rates currently available in remortgages.  Landlords are looking to remortgages as well and it is expected that property investors will continue to show increased demand for remortgages as interest rates remain low.  Many are using remortgages as a way to increase their portfolios and meet demand from renters.

Purchasing homes is still very hard for hopeful home buyers.  Deposits are hard to obtain and it is still difficult to get approval from lenders without high deposits and good credit ratings.  The situation in the lending market has pushed those that would rather buy a property to rent instead.  Rental demand is much greater than demand for starter homes despite rising rental fees.

According to experts the buy to let market will remain strong in the coming years.  Many surveys reveal that landlords are optimistic and expect to remain investing strongly in property.  This is why remortgages for landlords will be crucial.  Not only do landlords depend on them but renters are dependent on landlords supplying them with adequate housing at affordable rates. 

Lenders are offering low interest rates on mortgages and remortgages due primarily to the Funding for Lending scheme.  The scheme has allowed lenders to borrow from the government for their lending needs at low interest rates.  The savings is being shared with borrowers.  Some lenders have offered deals at levels that are historically low breaking the 3% and 2% ceilings.

Despite the low interest rates for borrowing to purchase the level of buyers is still much less than that of tenants looking for rental property.  Landlords will rely on the low interest rates from lenders and an adequate level of buy to let products to help them continue to supply the needs of renters.