Thursday, April 21, 2011
Fools rush in where angels fear to tread
Risk-averse lenders are keen on buy-to-let investors with cash deposits, but are moving away from first-time-buyers. Buy-to-let (BTL) investors with large cash deposits are replacing first time buyers as risk-averse lenders are drawn back to buyers requiring lower loan-to-value (LTV) ratios required by most first time buyers, according to Assetz. Investors are returning to the market in considerable numbers as they seek to take advantage of lower prices and strong rental demand, with Assetz recording a doubling of BTL business over the past year.