Buy-to-let lending reaches £4.2 billion

Aaron Strutt Image

Gross mortgage lending of £4.2 billion across 33,500 mortgages was advanced to buy-to-let landlords in the first quarter of 2013, according to the latest survey data from the Council of Mortgage Lenders.

This compares with £4.6 billion the previous quarter and £3.7 billion in the first quarter of last year. Nearly half of this lending was for remortgage, rather than house purchase.

Nevertheless, the buy-to-let sector continued to grow and loan performance improved.

There are now around 1.46 million buy-to-let mortgages in the UK, accounting for 13% of the total estimated stock of 11.26 million mortgages.

May 10, 2013

Get Started

Get started today

Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.

Google Reviews
Trustpilot
Book a Consultation Talk to an Expert
As seen in
Sunday Times Telegraph Financial Times BBC News The Express The Times