The percentage of deals available to first-time landlords in the buy-to-let (BTL) market has increased over the last 12 months, suggesting that, despite the economic uncertainty caused by the pandemic, many mortgage providers are still willing to lend to new property investors.

Research from Moneyfacts.co.uk has found that despite the number of BTL deals for first-time landlords falling year-on-year, the percentage of the market available to new landlords has actually risen. The research showed that on the 1 February 2020 there were 1,635 deals available to first-time landlords, while a year later this had fallen to 1,311. Despite this, a fall in BTL deals overall resulted in the percentage of the market available to first-time landlords increasing from 61% to 65% during this same period.

 

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