CML offers home loan predictions - buy to let mortgages

03 June 2009

There will be "modest rises" in the number of mortgages being approved in the UK as 2009 draws on, according to the Council of Mortgage Lenders (CML).

A statement released by the group yesterday suggested that the level of approvals is set to increase, albeit at a lower level than previous years.

Specific figures for buy to let mortgages were not singled out in the comments, but a representative from property website Fish4homes recently claimed that the current recession has not resulted in many people having to sell their homes and start renting.

This, she added, was unlike the economic slump of the early 1990s when high interest rates meant homeowners were forced to sell property and seek the services of people with buy to let mortgages.

Despite the CML's positive predictions, it warned: "Limited lending capacity and the impact of further job losses are likely to act as a ceiling for how far the improvement can continue."

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.