Investors are largely responsible for the current health of the buy-to-let lending market, according to property investment firm Assetz.
Stuart Law, Assetz chief executive, says lower arrears and repossessions reported by buy-to-let investors compared with the wider mortgage market show they “pose lenders a far lower risk”. Buy-to-let lending remained resilient in 2007 with loans totaling £24.1bn in the second half of the year, up from £21.2bn in the first half and £20.8bn in the second half of 2006, the Council of Mortgage Lenders (CML) reported yesterday. Law says: “I strongly support the CML’s latest survey data, which highlights the continued resilience of the buy-to-let market. “The supply/demand imbalance is not goi...
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