The Sunday Times - Let-to-buy deals offer a way out of property trap

Aaron Strutt Image
As lenders improve their acceptance criteria, banks are offering more mortgages. Homeowners wanting to move house or to trade up can find it difficult to sell and have opted to let instead. Aaron Strutt at Trinity Financial, the broker, told The Sunday Times: “Lenders are loosening criteria as they look to lend more money. By relaxing their buy-to-let criteria they can lend twice to one borrower to increase lending figures. “Many people are now relying on their properties to increase in value to help fund their retirements.” Click here to view the full story: http://goo.gl/dH6EZ £ March 3, 2013
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