Mortgage marketplace re-awakens

This article looks at the decrease in availability of borrowing options in the current property market and helps suggest solutions to borrowing problems you may have so that you can branch out into property investment.

If you have been watching the property market as vividly as we have during the last 12 months, you'll have noticed the gradual evaporation in lending options. Limited to 60-80% LTV's, 100% mortgages had all but disappeared from the marketplace.

But no more…

Over the last few weeks new and exciting mortgage deals have been returning to market with the promise of more to come. The question now is: who is offering homeowners the best property deals?

1. HSBC: 90% LTV 2 year fixed loan at 4.99%
2. Yorkshire: 90% LTV 2 year fixed loan at 5.99%
3. Post Office: 90% LTV 5 year fixed loan at 6.01%

Yet this unbelievably is not the best news.

For property investors looking to expand their property portfolio and invest in a new rental property, they too could now have access to a range of mortgage deals that will make attaining their property investment strategies even more achievable.

Take Yorkshire Bank.

In the last month they have returned to the buy-to-let market offering property investors, mortgages loans of 80% LTV - a distinct improvement compared to the rest of buy-to-let mortgages currently available.

Resting at 75% LTV, the closest deal matching to Yorkshire Banks is Cheltenham & Gloucester's which starts at a 75% LTV with a fixed rate of 4.79%. Not even close

Then there are the incentives banks are offering to entice homeowners back onto the property market.

Halifax for instance is now offering borrowers the choice of 1 council tax free year if they choose to take out a mortgage with them. By doing so, the Halifax pledges to take on full responsibility of your Council Tax payments for that coming year - a sum covering more than £1,000.

With such growing schemes in place, it is hard to deny that the property market is moving in a new direction. It is just a matter jumping on board and taking action.

Thanks for reading this article, I hope it has been informative for your property investment endeavours, my advice is to develop a portfolio for property investment Scotland or look for a property investment course