LETTING & ESTATE AGENT

We are pleased to announce that following the government’s guidance on moving home during the coronavirus pandemic, our branches in England have now re-opened for pre-booked appointments, and our branches in Scotland in Wales will start re-opening their doors over the coming days. Health and safety remains our main priority, and in line with government’s advice, a number of strict measures have been put in place to protect our staff and customers. Visit our branch page to find contact details for your local office.

Buy to let enjoys another strong month for mortgages

Buy to let enjoys another strong month for mortgages

The rise and rise of buy to let continues apace with the latest figures from the Council of Mortgage Lenders showing another increase in activity.

Buy to let lending for the purchase of investment properties in June performed strongly and accounted for some 17 per cent of gross lending, says the council.

Overall, buy to let lending rose sharply in June, increasing both month-on-month and year-on-year. 

But while direct buy to let house purchase rose significantly, these lending increases are driven more by strong buy to let remortgage activity, which was up 29 per cent in just one month.

A similar trend was seen in the second quarter as a whole, although the increases in volume and value were more muted says the CML. 


Article courtesy of Letting Agent Today | Sign up for Letting Agent Today newsletter | Get this news on YOUR site!