Worth a read:
Here's an excerpt:
Although the buy-to-let (BTL) bandwagon continues to roll, it's fairly clear that the brakes are being applied in some areas. In the first half of this year, mortgage lenders lent £9.9 billion to buy-to-let investors. Although this is 1% up on the second half of 2004, it's down more than a sixth (17.5%) on the first half of 2004. The number of new BTL loans has decreased even further, down from 119,900 in the first half of 2004 to 93,400 in H1 2005, a fall of about two-ninths (22%).
Then again, the BTL market continues to grow, with total lending hitting a record £63.5 billion, which amounts to almost a fourteenth (7%) of domestic mortgage lending of £918 billion. With 632,100 BTL mortgages in existence, the average loan comes to a little over £100,000.
Some of the trends in BTL lending are surprisingly strong; here's a selection of the latest figures:
http://www.propertytalk.com/content/view/931/65/
Cheers,
Donna
Here's an excerpt:
Although the buy-to-let (BTL) bandwagon continues to roll, it's fairly clear that the brakes are being applied in some areas. In the first half of this year, mortgage lenders lent £9.9 billion to buy-to-let investors. Although this is 1% up on the second half of 2004, it's down more than a sixth (17.5%) on the first half of 2004. The number of new BTL loans has decreased even further, down from 119,900 in the first half of 2004 to 93,400 in H1 2005, a fall of about two-ninths (22%).
Then again, the BTL market continues to grow, with total lending hitting a record £63.5 billion, which amounts to almost a fourteenth (7%) of domestic mortgage lending of £918 billion. With 632,100 BTL mortgages in existence, the average loan comes to a little over £100,000.
Some of the trends in BTL lending are surprisingly strong; here's a selection of the latest figures:
http://www.propertytalk.com/content/view/931/65/
Cheers,
Donna