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Landlords have had access to a “dramatic increase” in buy-to-let mortgage products over the past three months. There are now more than 550 buy-to-mortgage products currently on offer to landlords according to Mortgages for Business.
New purchases comprised a large proportion of lending in the final quarter of 2013, across all residential property types.
47% of plain ‘vanilla’ mortgages went towards buy-to-let property – a big increase from the 31% seen at the start of 2013.