Buy-to-let loans reach year’s high

Yorkshire Post - Property - - PROPERTY -

THE num­ber of peo­ple ap­ply­ing for buy-to-let mort­gages has reached its high­est level all year ac­cord­ing to Hay­brook Fi­nan­cial Ser­vices.

Fig­ures from Sh­effield’s largest independent es­tate agents show that the per­cent­age of buyto-let mort­gages pro­cessed in Novem­ber reached 18 per cent of all mort­gages – the high­est level of all year. The av­er­age for the year is cur­rently run­ning at 14.4 per cent.

Hay­brook MD David Miles says: “As the environment of a low Bank of Eng­land base rate con­tin­ues, more in­vestors are mak­ing strate­gic de­ci­sions around their ex­po­sure to the prop­erty mar­ket, which in­cludes util­is­ing buy-to-let mort­gage schemes.”

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