BTL Affordability jumps to highest level on record
28 February 2022
Buy to Let affordability has jumped to its highest level on record according to the latest Mortgage Broker Tools (MBT) Affordability Index.
Analysis of real cases processed through the MBT research platform shows that the average maximum loan available to Buy to Let landlords in January increased to £421,053, up from £401,053 in December.
This means that the average maximum loan available to Buy to Let landlords was more than 13% higher this January than in January 2021 and is now at its highest level since Mortgage Broker Tools launched its Buy to Let Affordability Index in August 2020.
Tanya Toumadj, CEO at Mortgage Broker Tools, said: “The latest MBT Affordability Index shows that the average maximum loan size available to Buy to Let investors is now larger than ever before. However, the spread between the average maximum and minimum loan sizes available to landlords has also never been wider. So, for investor clients who want to maximise their leverage, it’s vital that brokers are able to easily identify those lenders that will offer larger loan sizes based on their individual circumstances. The easiest way to do this is with an online platform and MBT Affordability offers the most comprehensive and accurate Buy to Let Affordability platform in the market.”
