Buy-To-Let Growth Slowing
Figures from the Council of Mortgage Lenders suggest buy-to-let popularity is on the wane
15th February 2005
Figures from the Council of Mortgage Lenders suggest that the growth in the buy-to-let mortgage market may be slowing down.
New lending was 18% lower in the second half of the year than the first, with around 6% of total mortgage lending being buy-to-let.
The survey also showed that arrears were rising faster in this sector than across the market as a whole, leading to suggestions that buy-to-letters have been hit harder by interest rate rises owing to their generally higher debt levels.
Buy-to-let is widely believed to have played a key part in the housing boom of the last decade, with property being seen as a safer and more attractive investment than equity or savings.
Read More: Council of Mortgage Lenders
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More on Buy to Let : Buy to Let Mortgages at Lowest Level for 2 Years (News, 16/08/2005), Bradford and Bingley : Mortgage Arrears and Profit Fears (News, 27/06/2005), No Growth in Buy to Let Market (News, 27/05/2005) |
Home - Investment - Property
