Latest buy to let figures published - buy to let mortgages

18 May 2009

There were 22,400 new buy to let mortgages advanced in the opening three months of 2009, according to the latest figures.

Council of Mortgage Lenders (CML) findings suggest that overall outstanding buy to let home loans at this point of the year totalled 1,155,200.

Buy to let activity accounted for six per cent of all mortgage lending during the period - 12 per cent down year-on-year.

Property Hawk website editor Chris Horne recently suggested that this may be the case.

He indicated that, despite strong demand from investors, the current economical situation has meant landlords have found finance more difficult to come by than 18 months ago.

Michael Coogan, CML director general, said buy to let will continue to be a vital part of the housing market, although he was not surprised that lending in the sector had tailed off at the start of the year.

"In the wake of the Rugg Review and the government's recent commitments to strengthen the private rented sector, buy to let will continue to fulfil an important role," he explained.

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