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Landlords get easier access to information Jan 22, 2011 // Christian ReynoldsNo Comments »
Landlord insurance holders get support from a new initiative set up by the Mortgages for Business.Specialising in buy to let mortgages, commercial mortgages, property development finance and residential mortgages, Mortgages for Business have launched a Complex Buy to Let Index which will make it easier for landlords to access information on the market.
Housing sector experts have advised landlords to lower rent prices as more tenants are falling into financial problems such as arrears, this boost will be highly welcomed by landlords as it will ensure tenant security.
The Complex Buy to Let Index was set up to help landlords by tracking loan size, property loan, loan-to-value and yields, focusing on the sub-sectors of the more complex buy-to-let mortgage transactions and publishing finding quarterly.
According to David Whittaker, managing director at Mortgages for Business, landlords often find existing information too general and no longer relevant by the time it has been made available. This is an initiative to give landlords just what they need. The first index has now been published. He said:
“Client feedback throughout last year indicated that active professional landlords and residential property investors are keen to understand more about market dynamics and key trends.”
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