Landlord mortgages soared by a fifth in 2012 reports the Daily Mail’s Lee Boyce…
- £16.4bn lent to investors in 2012 – 19% higher than the previous year
- 136,900 BTL mortgages agreed last year – almost 50,000 higher than 2009
- ‘Buy-to-let is only going to grow in popularity as mortgage rates become increasingly competitive,’ says expert
Last year, £16.4billion was lent to buy-to-let investors – a figure 19 per cent higher than the £13.8billion advanced in 2011, according to statistics released this morning by the Council of Mortgage Lenders (CML). This is the strongest level since of lending to investors since 2008.
Buy-to-let lending accounted for 11.5 per cent of the total mortgage market last year, up from 9.8 per cent in 2011.
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