Buy-to-let investing has grown sharply over the last year with the number of loans to purchase rental properties up by 17 per cent.
There are now more than 1.4 million buy-to-let loans according to the Council of Mortgage Lenders (CML) with director general Paul Smee saying: “The rental sector has grown strongly over the last decade or so, and buy-to-let continues to deliver a wider choice for tenants.”
While latest quarterly figures show that buy-to-let growth slowed slightly – up by a lower 5 per cent in the three months to June – this compares to stagnation in the housing market in general.
And there is no shortage of interest in buy-to-let.
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