One way of gauging private landlord activity is by analysing the Council of Mortgage Lenders' (CML) quarterly updates on buy-to-let mortgage lending.

The body's latest figures suggest that buy-to-let in the first quarter of 2009 - as a percentage of overall lending - was down 12 per cent on last year.

It accounted for six per cent of all lending during the three-month period.

Official statistics from the CML show there were 22,400 new buy-to-let mortgages advanced in the first quarter of 2009, while the outstanding buy-to-let home loans at this stage of the year was 1,155,200.

CML director general Michael Coogan said: "In the wake of the Rugg Review and the government's recent commitments to strengthen the private rented sector, buy-to-let will continue to fulfil an important role."

Meanwhile editor of Property Hawk website Chris Horne recently claimed that demand for buy-to-let financial products still remains strong.

Written by Mark Garner
ADNFCR-2002-ID-19175024-ADNFCR

Related posts:

  1. Latest mortgage figures released
  2. Govt financial measures essential, says the CML
  3. Landlord rent figures released
  4. Liquidity will make the difference, expert says
  5. Hometrack releases latest house price figures

Leave a Reply

You must be logged in to post a comment.

HOME