Mortgage broker, Springtide Capital has today announced that there has never been a better time to become a buy to let investor. According to the Council for Mortgage Lenders (CML), gross BTL lending in 2012 amounted to £16.4 billion, 19% higher than in 2011, reaching its highest level for four years.
Mortgage broker Springtide Capital has today announced that it now has a surplus of ex-patriot applicants looking to return to living in the UK. Enquiries to the broker have almost doubled since the start of the year from ex-patriots across the world.
Experts at Springtide Capital claim that the increase in enquiries is a result of a lack of suitable mortgage products for applicants with no financial history in the UK during the last two years.
Mortgage broker Springtide Capital says this year, many people who have previously been unable to move home owing to complicated financial circumstances will now be able to move house.