Mortgage Express says the Council of Mortgage Lender’s latest lending figures demonstrate just how robust the buy-to-let lending market continues to be.
Gus Park, head of buy-to-let at Mortgage Express, says: As buy-to-let celebrates its tenth anniversary, the market continues to enjoy strong landlord confidence and tenant demand.
Combined with the current healthy housing market, which continually
attracts investors with prospects for long-term capital gains, the market
experienced record growth over the first half of the year.
We expect this growth to continue over the coming months as existing
landlords extend their portfolios and new investors see bricks and mortar
as a viable investment vehicle to save for a secure future.
Indeed, buy-to-let lending balances have grown by 32% when compared with the same period last year.