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Buy to Let Remortgage Options Limited for Property Owners

Buy to Let Remortgage Options Limited for Property Owners

The UK housing market has been quite a tricky area in which to make decisions regarding buying and selling real estate for some time now. Uncertainty caused by Brexit as well as other factors has created a land of the unknown for many looking to move home or even consider it. One investment for those who have committed to it is buy to let. Many housing experts see this sector as one which offers quality return on investment with limited risk.

The buy to let sector is currently considered a fine investment for those looking for real estate with acceptable return. One thing which is being questioned within the sector is the number of remortgage products which are available to those holding buy to let property. Some have pointed out the shortage of the number of products to assist those with buy to let property find a suitable remortgage.

Many house owners have found products which fit their needs as the time arises and their lending arrangement matures.

Recent data surfaced about the number of products available to help to buy borrowers. Moneyfacts figures indicate there are less than 100 products from 8 different lenders.

Craig Hall, head of broker relationships and propositions at Legal and General Mortgage Club, commented on the latest data to surface, saying: “More choice from lenders for Help to Buy remortgage options would be a positive move.”

Hall added: “Looking beyond 2023 the industry will need to work together to ensure first-time buyers and borrowers with Help to Buy loans remain supported.”

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