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Alliance and Leicester seeks to move into buy to let mortgages

09 August 2005
Alliance and Leicester has launched a new buy to let mortgage offering.

The lender says it is keen to enter the buy to let market, anticipating continuing growth in the sector.

In its half-year statement Alliance and Leicester outlined plans for catering for the "high net worth individuals" who are likely to enter the market as a result of changes to rules governing pensions.

With property now a means for investing pensions with tax breaks, the lender's chief executive, Richard Pym, is confident the lender can capitalise on the market movement.

Experts are unsure of the impact the changes to the rules will have on the market, but many are predicting a resurgence as new investors enter the sector.

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