Alliance & Leicester mortgages to enter buy-to-let market

Alliance & Leicester is setting itself up to join the buy-to-let market, it announced in its half-year trading statement.

The move comes following the increasing popularity of buying residential property and letting it out privately as an investment.

Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester said: "Our plan is to offer buy-to-let through our intermediary channel and concentrating on lending to good quality applicants."

Furthermore, experts agree that the buy-to-let market continues to grow strongly, with landlords becoming savvier all the time.