The buy-to-let mortgage market is showing signs of recovery as lenders are starting to offer cheaper and larger loans.

The buy-to-let mortgage market was hit very hard by the credit crunch and had created a very uncertain environment for landlords. Property prices decreased considerably, and although beginning to increase have still left landlords in a difficult position.

However, very soon landlords operating in the UK should be able to access cheaper and larger buy-to-let loans, according to The Residential Landlords Association (RLA). Indeed some of the key players such as the Nottingham Building Society, the Coventry Building Society and The Co-operative Bank Group’s Platform branch have decreased their buy-to-let fees.

Even though this step looks small, the Mortgage Works will lend  up to 80% loan-to-value compared to a previous cap of 75%. They also offer a two year 5.99% fixed rate with a 2.5% arrangement fee available up to 80% of the property value.

The buy to let mortgage market has been eradicated by the recession and the credit crunch leaving many landlords unable to pay and falling into deep financial difficulty. However, hopes are high that the movement by main players in the market could be the sign of the return of better times.

For a landlord insurance quote in 60 seconds visit Discount Landlord Insurance.