85% Of Buy-To-Let Lenders Still Lending

Some 42 of the 49 buy-to-let lenders operating at the beginning of March are still lending despite the impact of coronavirus, analysis from Mortgages for Business shows. Together Money and Vida Homeloans have both pulled out of the market, while HSBC is no longer accepting buy-to-let applications. However Santander, Clydesdale, Precise Mortgages and Kent Reliance have now restarted lending, after initially taking a step back. Shawbrook and Paragon meanwhile are using virtual valuations against standard properties up to 75% loan-to-value. Read more on the Property Wire website.

https://www.propertywire.com/news/85-of-buy-to-let-lenders-still-lending/