Buy-to-let fig­ures still be­low 2007

Yorkshire Post - Property - - FRONT PAGE -

NEW buy-to-let lend­ing in the first quar­ter of this year to­talled £3.7bn, ac­cord­ing to the Coun­cil of Mort­gage Lenders.

While 32 per cent higher than in the first quar­ter of 2011, buyto-let lend­ing is still only around a third of its 2007 lev­els.

The av­er­age max­i­mum loanto-value avail­able on buy-to-let mort­gages re­mained at 75 per cent, with the av­er­age min­i­mum rental cover 125 per cent – up from 123 per cent in the pre­vi­ous quar­ter, but oth­er­wise the same as for nearly three years.

At the end of the first quar­ter, around 1.7 per cent of buy-to­let mort­gages were in ar­rears of more than three months, com­pared with around 2 per cent of owner-oc­cu­pier mort­gages.

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