Barclays offering mortgages through Woolwich are adding a property cap for all new customers on their buy to let range who wish to borrow above 60% loan to value. The maximum available will now be 4 properties. This will not affect existing customers or those wishes to stay below the 60% loan to value bracket.
Woolwich buy to let product range is also being extended from tomorrow to include a 75% LTV product and a competitive 5 year fixed at 4.99%.  Read more...

Many people believe the buy to let market will remain strong and continue to grow  as the fragile economy makes it difficult for first time buyers. There is also a general feeling that people will remain where they stay secure in their homes and not enter the market for further borrowing unless this is on a buy to let basis to take advantage of the current and expected future boom.
This unprecedented demand for rental properties has forced up the cost of the average rental charges within the UK and Landlords are seeing an increased income and profitability margin.
Would-be purchasers have been forced to remain in rented property due to the struggle of getting on the property ladder with the strict lending criteria and large deposit requirements imposed by mortgage lenders to get a good deal.  Read more...