Login Register

Landlord loads hit record high

By South Wales Evening Post  |  Posted: November 27, 2012

Comments (0)

BRITAIN is issuing the largest number of landlord loans since records began, official figures have revealed.

One in eight mortgages now a buy-to-let loan deal — an all-time high, the report said.

Of the 11.3million mortgages in this country, 1.44 million are buy-to-let loans, rather than standard residential mortgages.

A decade ago, there were only 275,500 buy-to-let loans, equal to just 2.4 per cent of the entire market. Today the number of buy-to-let loans is equal to 12.7 per cent, according to the figures from the Council of Mortgage Lenders.

The change is partly because a generation of young people have been locked out of the housing market by soaring house prices.

Read more from South Wales Evening Post

Do you have something to say? Leave your comment here...

max 4000 characters
  • EECUK  |  November 28 2012, 4:00PM

    loans spelt incorrectly

    |   -1