The maximum loan size available to landlords has increased by 13 per cent year-on-year to £421,053 in January, marking a new high in terms of buy-to-let (BTL) affordability.
According to the latest Mortgage Broker Tools (MBT) Affordability Index, the maximum loan size for a BTL loan is also up from £401,053 in December.
It is the highest maximum BTL loan size since MBT launched its index in August 2020.
The data also showed that the average BTL loan requested now stands at £225,000, which compares to £232,500 in January last year and £240,000 in December.
The average minimum loan size for BTL loan had staid stable at £131,687 compared to the previous year but has fallen from £142,946 in December.
Tanya Toumadj, chief executive at MBT, said that whilst the average maximum loan size available to BTL investors was larger than ever before, but the spread between the average minimum and maximum loan size had also “never been wider”.
She added: “For investor clients who want to maximise their leverage, it’s vital that brokers are able to easily identify those lenders that will offer larger loan sizes based on their individual circumstances.
“The easiest way to do this is with an online platform and MBT Affordability offers the most comprehensive and accurate Buy to Let Affordability platform in the market.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
