20.02.2013 - Is Britain’s property market set for another buy-to-let boom?
Establishing itself as one of the fastest growing sectors in the UK property market, the buy-to-let (BTL) sector saw a robust increase in the number of investors last year. According to recently-released data from the Council of Mortgage Lenders (CML), nearly 1.5 million Britons hold buy-to-let mortgages, underlining how the interest in such property investments has surged, setting Britain’s real estate market on the way to a new buy-to-let boom. The CML statistics showed that in the past year, BTL lending accounted for 11.5 per cent of the total mortgage market, up from 9.8 per cent in 2011. A total of £16.4 billion was lent to buy-to-let property investors, which is 19 per cent, or one fifth, higher than the £13.8 billion advanced in 2011 and represents the strongest level since 2008.......................................Full Article: Source