Buy-to-let loan bor­row­ing falls

Yorkshire Post - Property - - PROPERTY NEWS -

MORT­GAGE LULL: Home buy­ers bor­rowed £8.4bn in Jan­uary, down 28 per cent on De­cem­ber and un­changed on Jan­uary 2016, say the Coun­cil of Mort­gage Lenders. Paul Smee, di­rec­tor gen­eral of the CML, says: “We ex­pect a sea­sonal dip in ac­tiv­ity in the win­ter months and this ap­pears to be the case in Jan­uary. How­ever, the lull in mov­ing ac­tiv­ity ap­pears stub­bornly per­sis­tent, and we have com­mis­sioned re­search on the rea­sons why the num­ber of trans­ac­tions seems in sec­u­lar de­cline. Buy-to-let house pur­chase ac­tiv­ity con­tin­ues to be weak, de­spite strong buy-to-let re­mort­gage lev­els. This will likely re­main so go­ing for­ward.”

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