{"id":18508,"date":"2018-07-03T15:45:10","date_gmt":"2018-07-03T14:45:10","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=18508"},"modified":"2018-07-03T15:45:10","modified_gmt":"2018-07-03T14:45:10","slug":"record-choice-of-mortgages-available-for-first-time-landlords","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-au\/news\/record-choice-of-mortgages-available-for-first-time-landlords\/","title":{"rendered":"Record choice of mortgages available for first-time landlords"},"content":{"rendered":"<p><strong>Following last week\u2019s announcement by Accord Buy-To-Let that applications from first-time landlords have doubled over the past 12 months, the latest statistics from Moneyfacts show a record number of mortgage products available to first-time landlords.<\/strong><\/p>\n<p>Increased competition between lenders has seen them identify <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/06\/27\/support-for-aspiring-landlords-as-applications-double\/\">first-time landlords<\/a> as a key market to acquire new business. As their existing borrowers <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/06\/05\/build-to-rent-becoming-more-mainstream-as-landlords-consider-options\/\">reassess their options<\/a> as their current terms reach an end, providers are busy targeting new customers to breathe life into their mortgage book.<\/p>\n<p>Moneyfacts has revealed new data showing an increase of 13% in the number of deals available to first-time <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/07\/02\/low-purchase-price-key-to-getting-best-buy-to-let-yields-for-landlords\/\">landlords<\/a> since the start of this year. There are now 1,268 buy-to-let products available to landlords entering the buy-to-let market, an increase of 339 in the past two years.<\/p>\n<h4>Buy-to-let is still an attractive investment<\/h4>\n<p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/06\/06\/what-mortgage-consumer-or-buy-to-let-accidental-landlords\/\">Aspiring landlords<\/a> haven\u2019t been put off by the regulatory and tax <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/01\/10\/portfolio-landlords-are-rising-above-tough-regulatory-changes\/\">changes<\/a>. As well as having a greater choice of lender, they are also benefiting from the 0.36% \u00a0fall in rates, according to Charlotte Nelson, Moneyfacts finance expert. The average two-year fixed rate has fallen from 3.19% in July 2016 to 2.83% today, and indications show that it will continue to fall.<\/p>\n<p>While savings rates continue to yield <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/06\/07\/three-ways-property-investors-can-diversify-assets\/\">little return<\/a>, property continues to be an attractive <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/06\/19\/property-investments-more-reliable-than-pensions-to-fund-retirement\/\">investment opportunity<\/a>. Aspiring first-time landlords can see that with the current high rental incomes and falling mortgage rates, the potential for a decent return is high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following last week\u2019s announcement by Accord Buy-To-Let that applications from first-time landlords have doubled over the past 12 months, the latest statistics from Moneyfacts show a record number of mortgage products available to first-time landlords. Increased competition between lenders has seen them identify first-time landlords as a key market to acquire new business. As their<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-au\/news\/record-choice-of-mortgages-available-for-first-time-landlords\/\" title=\"ReadRecord choice of mortgages available for first-time landlords\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":3380,"featured_media":18511,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,26],"tags":[15,25,341],"class_list":["post-18508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-to-let-landlords","category-tax-mortgages-money","tag-landlords","tag-mortgages","tag-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/18508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/comments?post=18508"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/18508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media\/18511"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media?parent=18508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/categories?post=18508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/tags?post=18508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}