Submitted on Saturday 13th December 2008
Who will back the B2l sector?
The B2L sector has been a big success story over the last decade
The sector has more or less invented itself and created numerous property millionaires along the way
Portfolio owners need a continuos supply of quality mortgages to stay healthy and grow their portfolios
The sector is crying out for reasonably priced lenders with helpful criteria.
It is hard to get more than 75% as the few remaining operators stay in a lower risk zone and it is difficult to find good rates without astronomical fees.
It is not all doom and gloom for investors on trackers as some of them experience genuine profit on higher leveraged properties for the first time ever. Leverage though is the negative issue as some portfolios are starting to create arrears as tenants become less reliable and landlords rely more on rental income as recession bites
At Stirling we keep a B2L watch for clients who we know would like to switch products. Response times need to be fast asproduct launches come and go quickly.
