The private rented sector can be encouraged that repossessions in this part of the property market are falling, it would seem.

Private landlords and others with buy-to-let mortgages have experienced fewer mortgage defaults in recent months - according to the Council of Mortgage Lenders (CML) - and the Association of Residential Letting Agents (Arla) has welcomed the fact.

An Arla statement said: "This news from the CML, whilst not unexpected, is nonetheless confirmation that things are starting to pick up for buy-to-let investors."

It was also in reference to figures that showed stabilisation in the buy-to-let sector due to a reported slow down in the decline of property investment lending.

Moreover, the CML revealed that there were 21,600 new buy-to-let loans advanced between April and June.

Although welcoming the data, Arla suggested that an increase in responsible mortgage lending from banking institutions was necessary for the buy-to-let market to be stimulated further.

Written by Sarah Field
ADNFCR-2002-ID-19314833-ADNFCR

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