Landlord mortgages soared by a fifth in 2012 reports the Daily Mail’s Lee Boyce…

  • £16.4bn lent to investors in 2012 – 19%  higher than the previous year
  • 136,900 BTL mortgages agreed last year – almost 50,000 higher than 2009
  • ‘Buy-to-let is only going to grow in  popularity as mortgage rates become increasingly competitive,’ says  expert
Signs emerged today that the UK property  market could be on the way to a new buy-to-let boom, as landlord mortgages were  shown to have soared a fifth in 2012.

Last year, £16.4billion was lent to  buy-to-let investors – a figure 19 per cent higher than the £13.8billion  advanced in 2011, according to statistics released this morning by the Council  of Mortgage Lenders (CML). This is the strongest level since of lending to  investors since 2008.

Buy-to-let lending accounted for 11.5  per  cent of the total mortgage market last year, up from 9.8 per cent in 2011.

Read the full article

http://www.dailymail.co.uk/money/mortgageshome/article-2278539/Buy-let-mortgage-mini-boom-year-lending-fifth.html#ixzz2KyMmQRij