Wealth management through property 'significantly easier'?

Wealth management through property may now be significantly easier than at any time since the recession, as one market expert notes the availability of loans has improved considerably.

Stuart Law, chief executive officer of property investment consultants Assetz, observes there was "very substantial improvement" in lending terms from private banks and other financial providers over the last few months.

And wealth management through property should have benefited, as the housing adviser observed buy-to-let-mortgages were easier to secure, with better loan-to-value deals and more favourable interest rates offered.

A recent report from the Council of Mortgage Lenders (CML) showed a five per cent jump in the number of house purchase loans approved in July, indicating the market is easing and those seeking real estate assets could find conditions are good for acquisition.

This rapid expansion means total borrowing for residential buyers is on target to meet CML predictions of £140 billion throughout the whole of 2010. ADNFCR-2318-ID-800035340-ADNFCR