BTL lending improves again in the UK
Strong rental demand and a belief that the market will remain a key
player in UK property has led to a significant increase in
buy-to-let lending in the second quarter of 2013, it has been
The Council of Mortgage Lenders (CML) has said that there were
40,000 mortgages approved in the three months to the end of June
this year, which amounted to a total of £5.1 billion.
Compared to a year ago, when prices for rent on a monthly basis
were rising time and again, this represents a 19 per cent rise in
volumes and a 31 per cent rise in value for the mortgage market,
which shows buyers and lenders remain confident even though more
people are now able to afford to become homeowners rather than
The CML added that this rise in lending for the buy-to-let market
meant that it was now at its strongest since 2008, a time when it
was boosted by the fact normal buyers were essentially locked out
of the market.