Now the election is over politicians and the media are keeping busy. There is talk of compulsory licensing and we already have a national newspaper running a series on how to become a BTL landlord. This coupled with the relaxation of pension rules should see more demand in the BTL market and more competitive products.

The main lenders have been reasonably quiet, which historically is a quarter where very little activity takes place. There is though plenty going on behind the scenes with lenders reviewing market share which will affect product cost going forward.

Due to impending EU legislation which will affect the market next year I can't see innovative products coming out but I do expect to see changes in pricing as lenders go for volume.

This gives the opportunity for some of the newer more innovative lenders to shine. One which is really bright is Foundation Home Loans. Not all brokers have access to them but their menu of what they will do is very impressive. This includes no minimum employment time or income, no size restriction on studio flats (most lenders want a minimum of 30sqm), experienced non-occupiers and a first time landlord product.