May 24, 2011 | Author

Author Julie Hanson

The mortgage market appears to be improving for landlords with buy to let insurance.

The latest Landlord Profile Tracking Index (Q1 2011) from buy-to-let and commercial mortgage specialist TBMC highlights a number of developments in the buy-to-let mortgage market.

Among them is the fact that higher loan amounts are now being offered – which has to be great news for landlords looking to purchase more property.

The Index also identified increased interest in tracker rates from landlords.

London was highlighted as the most popular city for buy-to-let investment. Portsmouth, Sheffield and Brighton were next.

Meanwhile, terraced houses and flats are the most popular buy-to-let properties.

TBMC chief executive Andy Young said: “The buy-to-let mortgage market is continuing to show signs of growth and development as more lenders enter the marketplace, bringing new product ranges and greater choice for landlords.

“Increased competition has resulted in better schemes being offered to buy-to-let investors enabling them to borrow more at higher gearings.”

With landlords now getting more choice in the mortgage market, the time could now be right for those landlords seeking more property to start looking around.

But mortgages are not the only consideration landlords need to bear in mind when purchasing property.

It is also crucial they make sure what they buy is protected by landlords insurance to ensure they have peace of mind.

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