Buy-to-let market bouncing back says Assetz

The research from property investment firm Assetz, says mortgage lenders are relaxing their lending criteria on buy-to-let mortgages and have been reporting large volumes of remortgage business over the past couple of months – a sign that people are releasing cash ahead of a possible further investment. Twelve months ago, says Assetz, lenders insisted on rent being 130% of the cost of interest on the loan using the standard variable rate (SVR) or about 6.75% as the basis of the calculation. It says banks are now only insisting on rent being at least 110% to 125% of the interest on the loa...