Buy To Let Mortgage Lenders

It has become well publicised that Buy To Let Mortgage lenders are prepared to lend with high income multiples and high Loan To Values. However, it is not the mortgage lenders fault that the Government isn't tackling this problem at source. The First-time buyers are most definately finding that their finances are stretched and often delay in acquiring that first home.

On the face of it a number of factors are deterrring first time buyers, you may say the threat of a property downturn or of increasing interest rates is to blame but the difficulty in purchasing is rooted in simple economics, thus demand and supply.

The supply of property is a serious problem that should be targeted with a bit more vigour. You do not have to be a rocket scientists to work out that with a continual lack of supply and high demand house prices will continue to rise.

Evidence of the plight of first-time buyers is clearly evident in the recent report complied by the Department for Communities and Local Government. The department report showed a serious decline in the number of first time buyers. It is highly regarded that the decline is due to youngster wanting an easy life i.e. not prepared to put in extra hours to raise enough money for the property deposit.

If you continue to build at record low levels and don't respect the past can be a guide to the future i.e. 426,000 houses in 1968, then what do you expect!

Today's figures show that year to date only 165,000 houses have been built and the Government has made it clear that it wants the number of houses being built to reach 200,000 a year, but I say this is still far too few

I just hope people stop blaming my landlords for the rising cost of homes and instead lobby the Government to look back to 1968 and build 430,000 houses per a year!!