Buy-to-let lenders should start lending "more aggressively"to private landlords and other investors, according to one industry expert.

With the Council of Mortgage Lenders (CML) suggesting the buy-to-let sector has stabilised in recent months, managing director Keshav Thukaram said that this should be a "wake-up call"for the lending firms.

The CML revealed last week that some 21,600 new buy-to-let loans were advanced in the second quarter of 2009 - this was down four per cent on the previous three-month period, but represented a much smaller rate of decline than in the months before.

Mr Thukaram remarked: "These encouraging figures released by the CML ... confirm what has said all along: the market has bottomed out and is starting to recover - albeit slowly."

However, he warned that private landlords should not see property investment as a short-term speculative move - it should be part of a long-term strategy.

Written by John Weeks

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