"Buy-to-let brokers and their customers face a number of possible issues when remortgaging following the regulatory and tax changes in the market."
50% of buy-to-let brokers want to see more innovative product approaches from lenders while 43% say increased consistency is needed on the criteria offered by lenders and the industry as a whole when assessing remortgage applications.
Other key changes brokers want to see from lenders include the launch of online rental cover calculators and enhanced service standards.
51% of brokers believe the introduction of stricter rental cover requirements is the biggest issue facing remortgage customers. On the subject of rental cover requirements, lack of clarity from lenders was chosen by 31% of brokers, while 29% pointed to a lack of consistency from lenders.
Alan Cleary, managing director of Precise Mortgages, said: “Buy-to-let brokers and their customers face a number of possible issues when remortgaging following the regulatory and tax changes in the market.
“Specialist lenders need to respond to their concerns with solutions for borrowers that the High Street will no longer service.”
