Figures from the Council of Mortgage Lenders suggest the decline in private landlords finding the finance for buy-to-let property has started to slow.

During the second quarter of this year, there were 21,600 new buy-to-let loans advanced - a four per cent drop on the figure recorded for the previous three-month period.

A statement from the CML indicated that this figure represents a sign that buy-to-let market is stabilising, while it also said that arrears in the sector had fallen.

Private landlords have faced a number of difficulties in recent months as there has been a reduction in the number of active lenders within the private rental market - these lenders have also had less money to spend.

CML senior policy adviser Rob Thomas said: "So long as properties have paying tenants, landlords now have much greater ability to service mortgage payments and we expect arrears to continue to fall as landlords are helped by lower interest rates."

Earlier this week, the mortgage-lending body revealed that lending for property purchasing increased in June.

Written by Mark Garner

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