We're open 7 days a week 8am to 10pm

Buy-to-let lending set to grow further, says BoE

Buy-to-let lending is set to increase further after two years of rising demand and supply, the Bank of England claims.
In its Credit Conditions Survey the Bank highlights buy-to-let lending as an area that has grown in supply and demand since 2009.
The report states that growth in the private rented sector means buy-to-let lending could continue to grow.
But it says it is unlikely that rises in BTL lending will fill the gap left by the reduction in first-time buyer lending.
In recent discussions with the Bank of England most lenders noted that the BTL market was unlikely to drive a wider housing market recovery, given its relatively small size.
The report states that buy-to-let lending was hit harder after the financial crash as investors were sensitive to house price drops due to a focus on capital gains.
But it states: “Over the past two years however, that pattern of lending has to some extent reversed, with gross BTL lending having risen while total gross mortgage lending has been broadly unchanged.”

 

More Articles

Previous Post:

Next Post:

Advisors arranging the right mortgages from 1000's of deals

Search Mortgage Solutions

Search Mortgage Solutions

Search Mortgage Solutions

Search Mortgage Solutions

Search Mortgage Solutions