15 years of official buy-to-let
Buy-to-let was officially launched by the Association of Residential Letting Agents on 24 September 1996 at the RAC Cub, Pall Mall.
The launch was an industry-wide initiative and included six founder lenders, including: Paragon Mortgages, Alliance & Leicester, Clydesdale Bank, Halifax, NatWest and Mortgage Express.
Nigel Terrington, chief executive of Paragon Group, said: “Buy-to-let has galvanised the rental market over the past 15 years, whilst providing an attractive asset class for property investors.â€
September 22, 2011
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