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Monday, May 14, 2012

BTL lending pushes out FTB's again

The Telegraph heralds the 'return of the buy-to-let investor' and plays the old 'pushing first time buyers out of the market'.
The article stems from the fact that buy-to-let mortgage numbers have rose again, up by a third during the first three months of this year in the CML's most recent figures.

The bricks and mortar haven seems to hold up against the flakey alternative investment markets, at least you can see what you've got for your money.

The CML reported 32,300 buy-to-let loans completed during the first  three months of the year of the year, up 32 per cent on last year.

Meanwhile the number of mortgages lent to first-time buyers is reportedly still dropping as lenders remain nervous about low deposits percentages with a still uncertain property market. Choosing a landlords typical 25 - 30 percent deposit over a 5 -10 percent FTB deposit.

You can't blame them really, can you?

Well you can, nasty bankers, bad bankers!  It's all your fault that the country's in the sh1t, nothing to do with government and individuals borrowing excessively,  living on the never, never to fund unrealistic and unsustainable expectations. No, no, no, it's the bankers, that right, not 'our' fault at all.......

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