At the moment (as of June 2010), there has been a witnessed fall in Buy to Let Remortgages
. In fact, for the first quarter of 2010, the Buy To Let remortgages represented 28 percent which was a slow down from the 30 percent figure in the fourth quarter of 2009. The explanation for the decrease could be the lack of attraction for landlords to move from the standard variable rates of their banks given the low base rate. In addition, the amount of buy to let products has gone down to approximately 300 from a high of 3500, implying very limited options to choose from. A positive change in the base rate will ultimately get things moving and landlords can still expect the platform to get off the ground.