Buy To Let Increase

Buy-to-let lending has increased by nearly a fifth in the last year amid strong growth in the rental sector.

New figures from the Council of Mortgage Lenders, confirmed that more than 33,000 loans worth £3.9bn were advanced in the three months up to June, an increase of 18pc on the amount advanced compared with the same period in 2011.

However buy-to-let lending is still recovering from its low point in 2009 and lending volumes remain at about a third of their peak in 2007.

Buy-to-let is continuing to show signs of recovery, the rental sector having grown strongly over the last decade or so and buy-to-let continues to help deliver a wider choice for tenants.