Buy-to-let market grows for first time in two years: CML

At £2.1bn, lending was 10% higher than in the previous three months. Q3 2009 also saw the first increase in two years in the number of buy-to-let loans advanced, from 21,600 to 23,700. However, the CML stated the recovery in buy-to-let lending was from a low base, with current lending volumes sharply lower than their peak in 2007. The number of outstanding buy-to-let loans grew to 1,205,000, representing 11% of all mortgages by the end of the quarter, compared to 1,180,000 three months earlier. The value of outstanding buy-to-let mortgages increased by 2.5% to £144.2bn. Within the ...