There are tentative signs that the buy-to-let sector might be about to enjoy an upturn in fortunes, according to Moneyfacts Group.
The sector has been one of the biggest casualties of the last two years, with 93% of all deals disappearing in that time. However, since reaching an all time low of just 179 products in September, a number of new deals have been introduced in the last few months to take the total available to 239.
“Numerous buy-to-let lenders have pulled out of the sector, while many of the remaining lenders are restricting the number of deals on offer, making it harder than ever for landlords to find a competitive mortgage,” said Michelle Slade, spokesperson for Moneyfacts Group.
Justin Moy