Buy to let mortgage applications in the UK hit an 18-month high, according to Haart, the UK’s largest independent estate agent.
Figures show that the percentage of buy to let mortgages in May hit 19.6 percent, or one in every five mortgage applications.
The company has a network of mortgage advisors across various branches with its support staff based at its national headquarters.
“With the base rate continuing to remain at a record low, more people than ever are choosing Buy to Let property as alternative to other forms of investment, driven in part by the healthy yields they can achieve,” said David Miles, Managing Director of Haart Financial Services.
“This is being helped by increased competition between lenders and with it an ever growing availability of products for this particular segment of the market – something we certainly welcome.”
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