3 August 2012

Recent data from the Council for Mortgage Lenders (CML) have shown that lending for the buy-to-let sector increased by 5% in Q2 of 2012.

In the three months preceding June, lenders granted 33,200 loans with a total value of £3.9 billion. This is an increase from 32,300 worth £3.7 billion in Q1.

In a year on year comparison, volume increased by 14% and the amount being advanced rose 18%.

The CML also indicated in improvement in the performance of buy-to-let loans as the amount of borrowers over three months in arrears reduced from 1.69 at the end of Q1 to 1.56% at the end of June.

Paul Smee, CML Director General commented on homemove.co.uk that: “Buy-to-let is continuing to show signs of recovery, and growing broadly in line with expectations.”

@MovewithUs

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