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.
Latest News
-
Chancellor expected to cut cash ISA allowance
-
House price growth slows to 2.1% in June – Nationwide
-
Keystone Property Finance completes fifth securitisation
-
FCA to introduce ‘once-in-a-generation’ advice reforms
-
Monthly net mortgage approvals rise for first time in 2025 – BoE
-
3.5 million first-time buyers ‘waiting in the wings’ – IMLA
Is 2025 the year of the remortgage?
An estimated 1.8 million fixed rate mortgage deals are due to expire in 2025, 400,000 more than in 2024. This surge in remortgaging presents a critical opportunity for mortgage brokers to offer essential advice and financial support to homeowners across the UK, ensuring they transition smoothly to new deals amid stabilising interest rates and heightened affordability checks.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories