Traditionally, after the summer break, the mortgage and housing market kick starts in September and whilst we are not expecting miracles, there will be more activity and improving mortgage options but the key to manoeuvring through what has become a mortgage minefield is understanding the detail of lenders criteria.

With an unrealistically low base rate, lack of liquidity and lenders remaining cautious the Buy to Let sector dubbing it "High Risk" there doesn't seem to be a great deal to look forward too unless you're sitting on a big pot of cash and can pick out the bargains as they reveal themselves.

As stated above, there is now a lender available who has relaxed the 6 month ownership rule before you can raise additional funds on the property. If you purchase a property and carry out extensive refurbishment  other lenders will now allow a re-mortgage based on the original purchase price PLUS the refurbishment spend. Only a small step but another step in the right direction  

If you need help with a Buy to Let mortgage, letting a property call us FREE now on 0800 0350095