As new figures indicate that despite buy to let lending riding high and a fifth of landlords wanting to buy more homes to rent out before the end of the year, it seems more than half of landlords are still finding mortgages difficult to obtain. Now Belvoir Sheffield, the leading lettings agency in Sheffield is suggesting that those struggling contact them for advice.
The figures compiled by The Residential Landlords Association seems at odds with what the mortgage venders are saying about buoyancy in the market, and according to the RLA, 21 per-cent of landlords could not raise a buy to let loan and 25 per-cent more said they found sourcing investment finance ‘very difficult’.
Rick Flay, Director at Belvoir Sheffield, who offer a wide range of property to rent Sheffield, said: “Over the last few months vendors have been professing that it is much easier to obtain a buy to let mortgage than it was twelve months ago, but in reality this is simply not the case. Landlords are still struggling with buy to let mortgages from the main providers.”
RLA chairman Alan Ward, said earlier this week: “We welcome the government’s renewed commitment and interest in the opportunities that the private rented sector can play in meeting the country’s housing needs. However, this will not happen without financing from the banks.
“It is time that the blame game for the difficulties in accessing finance between government and the banks came to the end for the sake of those desperate for a roof over their heads”
Rick the expert in property lettings services in Sheffield, added: “Here at Belvoir Sheffield we have an ‘all of market’ solution where our brokers can look at the best deals available across the UK, because we are not tied into any lender. There is no cost to a landlord for this search service either.”
Here at Belvoir Sheffield we offer a mortgage service to landlords and we would like to invite anyone struggling to obtain finance to contact is for a free no obligation meeting or discussion to discuss their options.”
Belvoir Lettings Agency in Sheffield is the One Stop Specialists for Lettings including Property Management, Tenant Find, Investment and Wealth Management Advice, Fit-outs and Renovations, Furniture Packs and Investment Property Insurances and Buy to Let Mortgages.
