Increased LTVs not attracting borrowers
www.moneynews.co.uk > Mortgages > Increased LTVs not attracting borrowers
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Money News |
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Increased LTVs not attracting borrowers
Thu 5th May 2005
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According to the Mortgage Trust's April Buy-to-Let Intermediary Forecast very few landlords are taking lenders up on their offer of increased loan to value offersTwo in every three respondents are happy with their 85 per cent borrowing levels and are not interested in the increased LTVs.
Nicola Severn, marketing manager at Mortgage Trust, said: "Buy-to-let landlords operating in today's market are cautious investors who believe in responsible borrowing.
"They have little desire to mortgage themselves above modest levels, and at 77 per cent, Mortgage Trust's average completion loan to value thoroughly supports this."
The reluctance to take the deals has also been put down to the slowing in the housing market as a whole.
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