Friday 11 November 2011

Lending reaches its peak since 2008 as buy-to-let loans increase by 16%...

Over the past few months, buy-to-let lending has increased by 16% between July and September, after the sudden pick-up of buy-to-let lending over the three months prior to that.

The data was released by the Council of Mortgage Lenders and revealed that in the three months leading up to September, 34,500 buy-to-let loans were advanced – a vast increase from the 29,700 that was recorded in the quarter prior to this one.
 
The value of mortgages was also recorded over the same three month period and the results showed that mortgages have grown from £3.2billion to £3.8billion, totalling a 19% increase.
 
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