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Wednesday, November 12, 2014

CML data reflects fall in FTBs and rise of BTL

Council of Mortgage Lenders latest data shows another drop in the number of first-time buyers
securing a mortgage.

September saw 26,800 FTBs get mortgages, a drop of three percent from the previous months figures.

The fall reinforces the on-going pattern of travel toward an increasingly large 'generation rent' as forecast by Savill's this week.

BTL lending bounced back according to the CML figures, with 18,100 buy-to-let loans in September, up from the 15,700 loans in August. 

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