Recent data on the buy-to-let market suggests a strong year for residential property investment, claims Paragon Mortgages.
Figures released from the Council of Mortgage Lenders (CML), the Royal Institution of Chartered Surveyors (RICS) and the Office of the Deputy Prime Minister (ODPM) all point to a positive future for the buy-to-let market. With the CML data revealing a 40% increase in the number of advances made in the second half of 2005, compared to the first 6 months, along with a 47% increase in the value of the loans advanced. Although figures suggest a slow start to 2005, Paragon says there was a significant pick up in lending activity towards the end of the year, with the number of loans increasin...
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