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Home News Buy-to-let

Buy-to-let mortgage lending sets new records

by admin1
December 11, 2017
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The increase in lending represented a 17 per cent increase by volume and 20 per cent by value over the previous record totals of the second half of 2005.

There are now 767,000 outstanding residential buy-to-let mortgages in the UK, worth a total of £83.9 billion.

CML director general, Michael Coogan said: “The buy-to-let market remains robust, underpinned by strong rental demand. But investors have shown that they are quick to adjust to changing market conditions, so the view that interest rates are now more firmly on an upward trend is likely to cause the rapid growth of buy-to-let investment to slow in the coming months.”

Coogan believes that the rental market remains sound and looks set to continue to offer good long-term prospects for astute investors.

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