Buy-to-let (BTL) affordability has jumped to its highest level on record, according to the latest Mortgage Broker Tools (MBT) Affordability Index.
Analysis of cases processed through the MBT research platform showed that the average maximum loan available to BTL landlords in January climbed to £421,053, a level up from £401,053 in December.
This means that the average maximum loan available to BTL landlords was more than 13% higher in January than it was in the same month last year. It is now at its highest level since MBT launched the BTL Affordability Index in August 2020.
CEO at MBT, Tanya Toumadj, noted that while the average maximum loan size available to BTL investors is now larger than ever before, the spread between the average maximum and minimum loan sizes available to landlords has also never been wider.
“For investor clients who want to maximise their leverage, it’s vital that brokers are able to easily identify those lenders that will offer larger loan sizes based on their individual circumstances,” Toumadj said.
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