NLA involved in Treasury Select Committee mortgage case
The National Landlords Association (NLA) has announced that it is involved in a Treasury Select Committee investigation into the mortgage arrears and the buy-to-let market.
Representing landlords in the UK, the organisation will give evidence regarding the current lending situation in the country.
In a statement, the NLA said that some landlords have had to find huge deposits often on the basis of deals with a loan-to-value of around 70 to 75 per cent. This has apparently resulted in some property professionals' businesses struggling.
Indeed, Property Hawk website editor Chris Horne recently suggested that demand for landlord mortgages has remained strong, but individuals have found it hard to secure the lending.
David Salusbury, chairman of the NLA, said: "We are in no doubt that the lack of availability of mortgage finance is having severe consequences for landlords across the UK."
He added that the "dearth of buy-to-let products is strangling the market".
Mortgages for professionals is a whole-of-market broker providing expert mortgage advice to high earning professionals such as pharmacists, engineers and doctors.
Representing landlords in the UK, the organisation will give evidence regarding the current lending situation in the country.
In a statement, the NLA said that some landlords have had to find huge deposits often on the basis of deals with a loan-to-value of around 70 to 75 per cent. This has apparently resulted in some property professionals' businesses struggling.
Indeed, Property Hawk website editor Chris Horne recently suggested that demand for landlord mortgages has remained strong, but individuals have found it hard to secure the lending.
David Salusbury, chairman of the NLA, said: "We are in no doubt that the lack of availability of mortgage finance is having severe consequences for landlords across the UK."
He added that the "dearth of buy-to-let products is strangling the market".
Mortgages for professionals is a whole-of-market broker providing expert mortgage advice to high earning professionals such as pharmacists, engineers and doctors.
