Buy-to-let mortgage options reduced

Amid the slump in mortgage products this week, there has been a number of buy-to-let options dropped from the market.

According to Moneyfacts.co.uk, the number of mortgage products declined from 3,914 down to 3,427. This has impacted the total number of buy-to-let products available for borrowers when they come to remortgage.

The buy-to-let sector has seen a drop in products due to Bradford & Bingley’s part-sell off and nationalisation.

Borrowers are now forced to search around for more options on buy-to-let remortgages.

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Buy-to-let mortgage options reduced

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