Buy-to-let report reveals market is getting stronger

Buy-to-let report reveals market is getting stronger

Summary:

  • BTL mortgages has risen from 44,000 in 1999 to 122,000 in 2011
  • £3,100 million was lent to BTL investors in 1999 compared with £14,000 million in 2011
  • The BTL sector is now looking “robust”

The buy-to-let (BTL) market in the UK is getting more robust, a recent document has revealed.

Select Property recently released The UK Buy-to-Let Report, which revealed changes in this sector of the real estate market over the last few months.

Director of Select Property Giles Beswick said: “This report will explain more about how the property market has come to favour buy-to-let investors since the economic crisis and why this sector of the industry is now looking relatively robust as a result of strong rental demand and occupancy rates.”

It quoted figures from The Council of Mortgage Lenders, which noted there has been a rise in the number of BTL mortgages lent in the UK over the last 12 years, increasing from 44,000 to 122,000 in 2011.

The amount of money lent in 2011 was also significantly higher than in 1999, rising from £3,100 million to £14,000 million over this period.

More information about improvements in the BTL market, the increase in foreign investments in the UK property market and predictions about the future of the BTL sector can be found in Select Property’s analysis.

To download the full BTL report, click here.

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