90% Of Landlords Are Unhappy With The Banks
9 out of 10 landlords are dissatisfied with the banks and the buy to let mortgage market according to a survey by the National Landlordâ€™s Association.
No surprise really, but hereâ€™s what the survey reported:
89% would like to see greater competition and more lenders in the market and greater competition.
74% reported they believe that buy-to-let lenders should be more innovative.â€¨(Mmm, not sure about that – look what happened the last time banks ‘got creative’).
Over 50% of property investors do not believe that access to buy-to-let mortgages is becoming easier despite the official line from the banks.
60% stated they were unable to obtain mortgages as the lenders would not consider borrowers in their particular circumstances.
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