Back in March, I blogged about Santander joining the growing Buy to Let market. As it turns out, March proved that the B2L market has definitely been growing. How much?
The Council of Mortgage Lenders reckons it is 56% year-on-year.
In numbers, it means that this March saw 16,200 loans to landlords compared to 10,400 in March last year.
There is growth in the market as a whole, too. The CML’s recent figures show increases in overall lending, lending to first-time buyers, and in the value of houses too.
CML director general Paul Smee said:
“All types of lending show positive year-on-year growth but the rate of increase is not as frenetic as at the end of 2013. Buy-to-let lending continues to recover and regain market share.
If you’re in the market for new property, or are looking to re-mortgage, drop us a line.