Lending 'pretty much unchanged'

Landlords looking to secure new mortgage deals are likely to find the market "pretty unchanged" over the next few months.

That is the view of Alexander Hall, which has met recent lending increases with scepticism.

The property firm indicated that there is likely to be a period of consolidation from lenders before better options for investors become available.

Andy Pratt, chief operating officer at Alexander Hall, said that he does not recognise any signs of a "greater appetite" from lenders to give out more funds.

He commented: "The size of the market is going to be pretty much unchanged. It is not like they have got a lot more money to lend and they want to hit targets.

"There isn't any sign of more funding being available to lend and there isn't really any sign of changes in criteria. I think that will follow later."

Mortgage rates have been lowered recently by providers including Northern Rock, Woolwich and Abbey.

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