MLAR mortgage lending stats for Q1

The pre-April BTL surge is reflected in the Q1 lending data in the Mortgage Lenders and Administrators Return (MLAR) statistics.

BTL advances (which include BTL remortgages) increased over the year from £7.7 billion advanced in Q1 2015 to £13.5 billion in Q1 2016.

Outstanding BTL balances are now £185.3 billion, equating to 15.2% of total residential balances, the highest proportion since the series began.

Latest statistical release: Mortgage Lenders and Administrators Statistics - 2016 Q1 https://t.co/UC0Biebb7S

— Bank of England (@bankofengland) June 14, 2016

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