Buy to let "BOOM"

Buy-to-let boom shows no signs of stopping as landlords snap up property worth £160bn.........

Read more: http://www.dailymail.co.uk/news/article-2098971/Buy-let-boom-shows-signs-stopping-landlords-snap-property-worth-160bn.html#ixzz1mYmqZYmA

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Buy-to-Let growth continues as lending hits three-year high

Buy-to-let lending has climbed to its highest level in almost three years, figures from the Council of Mortgage Lenders have revealed.

In the three months to September 34,500 buy-to-let loans worth £3.8bn were advanced, up 16% by number and 19% by value compared with the previous quarter. This is the highest level by either measure since Q4 2008.

Q3 saw 18,580 buy-to-let purchase loans 12% of all house purchase loans up from 9% in Q3 2010.

Charles Haresnape, managing director for residential mortgages at Aldermore, says: “The buoyancy of the buy-to-let sector confirms that investor appetite for residential property remains strong, which has been fuelled by tenant demand.”

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