Amateurs 'will leave buy-to-let market'

With mortgage lending criteria becoming increasingly tough, the less experienced buy-to-let investors are likely to take a break from the market. It is now more difficult to build up an investment portfolio.
There continues to be a great deal of activity in the UK mortgage market, however investors are finding it harder to obtain a mortgage.There are alot of amateurs in the buy-to-let market, who have one or two properties, and it is getting harder to mortgage properties. There is a lot of activity in the market but because it is hard to get properties to stack up on rent plus prices are still going down amateurs are going to be stepping out of the [buy-to-let] market for a while.

Since the end of March almost 600 buy-to-let mortgage products have been withdrawn from the market.

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