Council of Mortgage Lenders reports a near-50% increase in the number of buy-to-let loans taken out,with first-time buyer mortgages up by 11%Lending to buy-to-let investors rose by almost two-thirds in the 12 months to February, as some landlords took advantage of low interest rates to remortgage, or while others added to their portfolios ahead of changes to stamp duty rates.
Figures from the Council of Mortgage Lenders (CML) showed that 23700 buy-to-let loans worth £3.7bn were taken out during the month,a 47% increase in volume on the preceding February and a 61% rise in value. Continue reading...
Source: theguardian.com