The number of buy-to-let products available has dropped to an average of 80 or so since May, according to Mortgages For Business’s latest Buy-to-Let Product Index.
However, the broker says this figure has remained stable and is predicted to rise in September and October as lenders launch new products in the run to the end of the year.
Also, the Council of Mortgage lenders released second quarter figures for 2009 which showed positive signs for the buy-to-let mortgage market with arrears improving significantly and the decline in buy-to-let lending beginning to slow.
Mike Freeman, technical support manager said: “It has been a steady summer and one which was needed to bring about a sense of stability. Having said this