Property News · April 13, 2016

Buy-to-let lending up 60% ahead of stamp duty changes


Council of Mortgage Lenders reports a near-50% increase in the number of buy-to-let loans taken out, with first-time buyer mortgages up by 11%Lending to buy-to-let investors rose by almost two-thirds in the 12 months to February, as some landlords took advantage of low interest rates to remortgage, while others added to their portfolios ahead of changes to stamp duty rates.Figures from the Council of Mortgage Lenders (CML) showed that 23,700 buy-to-let loans worth £3.7bn were taken out during the month, a 47% increase in volume on the previous February and a 61% rise in value. Continue reading…

Source : theguardian.com
Read more…Buy-to-let lending up 60% ahead of stamp duty changes

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