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Monday, February 18, 2013

CML data shows upturn in BTL mortgages

Lastest figures from the Council of Mortgage Lenders show that BTL remained strong in 2012. With 140,000 BTL mortgage advances in the year, the highest for four years.

Gross lending rose to £16.4 billion up 19 percent from the £13.8 billion advanced in 2011.

“Buy-to-let is benefiting from strong tenant demand, which is likely to continue,” said Paul Smee, director general of CML.

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