Nearly 22% of brokers face difficulty placing BTL cases

A survey of more than 500 brokers by Pepper Money and Mortgage Business Expo found that nearly one-quarter of brokers will find it hard to place BTL deals, with remortgaging at high LTVs seen as the most challenging by nearly 12%.

The findings highlighted that customers with adverse credit will find it the most difficult to access a mortgage in the next 12 months.

Ryan Brailsford, business development director at Pepper Money, said: “The results of the broker survey supports the findings in the latest ‘Pepper Money Specialist Lending Study’.

“However, finding a mortgage for this growing group of customers doesn’t have to be a challenge.

“Lenders, like Pepper Money, are open to considering individual circumstances, have clear, concise criteria and, at Pepper, we’re also very proud of our service levels.

“So, finding a mortgage for customers who have blips on their credit record can be a lot more straightforward than you would think, and it could make an enormous difference to their lives.”