Buy-to-let lending rises - Buy To Let - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Buy-to-let lending rises

Buy-to-let lending rises

Category: Buy To Let

Updated: 14/12/2012
First Published: 09/08/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The buy-to-let mortgage sector appears to be going from strength to strength as increased demand in the rental sector fuels the market.

Latest figures from the Council of Mortgage Lenders (CML) have revealed total buy-to-let lending increased by 5% over the second quarter of this year.

Loans totalling £3.9 billion were issued to buy-to-let customers during April, May and June, up from the £3.7 billion in the first quarter.

The volume of buy-to-let mortgages issued to borrowers increased year-on-year by 14% from 29,100, whilst buy-to-let loan amounts also rose by 18%.

Many people, particularly first-time buyers, are turning to rented accommodation as strict lending requirements, high rates and a lack of affordable, small deposit mortgage products continue to hinder prospective buyers.

Can't find the right one in our Best Buys? Don't worry. If you are looking to borrow from £50,000 up to 80% of your home's value. speak to an expert Mortgage Adviser

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Buy-to-let mortgage availability drops

It’s been a turbulent year for buy-to-let (BTL), with Government interventions impacting the sector and activity dampening as a result, and our latest figures reveal the largest drop in the number of available mortgage products since 2009.

Number of parent landlords on the rise

The cost of renting is on the rise, but would it cheaper if you were renting from your own parents? Many children of property moguls will hope so, and with the number of parent landlords on the rise, it’s something more and more could benefit from.

Landlords: BTL mortgage rates are still falling!

The cut to base rate has had a welcome impact on mortgage rates, and it isn’t only residential borrowers who are benefiting: buy-to-let (BTL) investors are continuing to enjoy a fall in rates, particularly those looking for a longer-term deal.