Buy-to-let lending down over Summer

It seem us landlords were taking it easy over the Summer.  Well you can't work all the time?  You obviously do a little time to spend the rental profits.

According to the Council of Mortgage Lenders (CML) there was a small decrease in buy-to-let mortgages in August compared to July down from 15,200 to 14,900 with a total value of £1.9 bn.  The reduction was mainly due to a fall in landlords remortgaging which fell from £1.1 bn in July to £1 bn in August.

New buy-to-let mortgage still outnumbered remortgages in August with new purchases coming out at 7,900 compared to 6,900 remortgage loans.

It looks like us landlords like a bit a sun.  A distant memory now.  Summer over - looking at my Winter to-do list and I'm starting to feel quite daunted!

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