The amount of Buy to Let mortgages available has increased by nearly 60% since what was available at the end of last year, according to the most recent mortgage tables.

This follows recent speculation that current lending criteria left no room to manoeuvre for the novice landlord. However, this reported growth in buy to let mortgage availability will surely result in increased competition between lenders, which is likely to relax the currently restrictive criteria, such as minimum deposits of 25% and higher basic salary figures for borrowers. BTL mortgages were amongst the first products to suffer from the credit crunch and house price slump, so maybe any signs of improvement in criteria may be a sign of a house price recovery? Watch this space!

Latest Buy to Let Mortgage Rates start from 3.25%. For current criteria please click here.