Wed 11 Mar 2015 View all news articles
New figures published by the Bank of England have revealed that lending in the buy-to-let sector is up 13 per cent year on year in the fourth quarter of 2014.
Landlords and property investors were advanced a total of £7.6 billion, a vast increase from the £6.6 billion in the same period of 2013.
In contrast, the total advanced by lenders overall was found to be down on last year's figure, with a total of £51.3 billion advanced in comparison to £51.5 billion a year, showing that the buy-to-let sector is rapidly growing in market share.
The proportion of loans made at 90 per cent LTV rose dramatically, nearly doubling from 2.42 per cent in the fourth quarter of 2013 to 4.44 per cent in the final quarter of 2014.
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Source: Residential Landlord
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