BofE stats confirm surge in BTL lending

Lending data for Q4 2015 has been released by the Bank of England.

It confirms the much talked about -'BTL mortgage surge', with BTL lending rising from £7.7bn in Q4 2014 to £13.2bn in Q4 2015.

Gross mortgage advances totalled £63.1bn, of which 20.9% was to first time buyers, 15.9% was BTL.

More proof of BTL surge from Connell's data

Latest statistical release: Mortgage Lenders and Administrators Statistics - 2015 Q4 https://t.co/079RwX9Kbw

— Bank of England (@bankofengland) March 8, 2016

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