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Buy-to-Let Mortgage Loans Up

‘The number of buy-to-let mortgage loans reached its highest level for four years in 2012 with record rents encouraging landlords to expand their property portfolios.

According to figures from the Council of Mortgage Lenders gross buy-to-let lending reached £16.4bn over the year, up 19% on 2011. The total number of buy-to-let mortgages outstanding at the end of 2012 rose to 1.4m, or 13% of all mortgages, up from 12% in 2009 and 9.6% in 2006.

CML director general, Paul Smee, said: “The overall outlook for the buy-to-let sector is positive. Landlords who can demonstrate a strong track record are in a good position to expand their portfolios.”‘

Source: The Guardian

Myfanwy Neville

Partner, Property and Construction

T +44 (0)20 8922 9376

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