Michael Sterios

There is no doubt that the buy-to-let market is about to face some challenging years.  If you were to believe everything you read in the press about investment property you might think the entire property market was about to collapse under the weight of buy-to-let repossessions.

With over a million UK householders reaching the end of their fixed rate mortgage deals this year the market for remortgages should be heating up.  Instead, the market has cooled as the effects of the global credit crunch slowly erode the confidence and profits of UK mortgage lenders.

Adverse credit mortgages are arranged for home owners and first-time-buyers with impaired credit files.  People with adverse credit are usually excluded from applying for mainstream mortgage products and are therefore forced to seek alternatives.

Property investment first came into existence in the UK in the 1990s and has boomed considerably in recent years.  Although there has been some recent turmoil in the financial markets experts still consider property to be a solid long-term investment.

The buy-to-let market has come a long way since it’s inception in 1996.  At that time there were only four lenders who offered mortgage products specifically targeted at the private rented sector.

If you have been made bankrupt you may think there is no chance you will ever be able to secure a mortgage again.  It is true that while you are legally bankrupt you will not be able to successfully apply for finance, but once you have been discharged the situation can change.

The credit crunch is in full swing in the USA and laying in its wake are failed financial institutions, record losses by those left standing, ghost towns awash with abandoned homes, and drastic measure implemented by the Federal Reserve to decrease the costs of borrowing and ease the crisis.  While there is no doubt that the United States is feeling the effects of the credit crunch, Britain has been living in denial that it will eventually fall victim to the oversupply of loans and mortgages to people with bad credit histories and unreliable incomes.