Not one element of the property industry was left untouched by the Covid-19 pandemic, with which we are all still grappling. But some areas have managed to bounce back faster than others; the specialist buy-to-let sector appears to be one such area.
In the mainstream mortgage market, brokers have had a huge task on their hands keeping up with products being pulled and reintroduced repeatedly, and some providers halting lending completely for a period.
Things have not been easy in the buy-to-let field either. While the stamp duty cut introduced in July saw interest in property investment increase significantly, lenders had the challenge of reduced capacity, meaning meeting the new levels of demand was a struggle.
However, at a time when the circumstances of so many landlords have changed, and an increasing number of mortgage applications fail to fit in the vanilla space, mortgage brokers have lauded the approach of some specialist lenders.
As well as seeking the best deal for clients, brokers are looking for lenders to provide fast turnaround times from application to offer, clear communication, transparent underwriting, and easy-to-use systems to improve processes from start to finish.
In this supplement, we look at how the buy-to-let specialists are meeting these requirements and overcoming obstacles presented in these testing times.
