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Monday, February 20, 2012

Big increase in BTL mortgage advances

We saw an increase of 32 percent in the number of BTL mortgages in 2011 compared with the previous year.

Quite a jump and conclusive proof that BTL is on a bounce back.

The Council of Mortgages (CML) recorded 124,000 buy-to-let mortgages advanced in 2011, of which  66,360  were for purchases and the rest were remortgages.

The BTL industry is forecasting further growth in 2012 ( but I guess they would say that wouldn't they ).

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