Buy-to-Let mortages are still popular!
New survey data from the Council of Mortgage Lenders shows that buy-to-let lending totaled £24.1 billion in the second half of 2007, up from £21.2 billion in the first half of the year and £20.8 billion in the second half of 2006. The number of loans (including remortgages) to buy-to-let landlords in the second half of the year was 179,100, up from 171,800 in the first half of the year and 177,200 in the second half of 2006. The total number of outstanding buy-to-let mortgages has now passed the million mark, standing at 1,038,000 at the end of 2007 -nearly 23% up on the 846,900 a year earlier.
