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Buy to let mortgage lending enjoys another strong month say CML

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Thu 13 Aug 2015

Buy to let mortgage lending enjoys another strong month say CML

 

The rise of buy to let lending continues apace with the latest figures from the Council of Mortgage Lenders showing another increase in activity.

Buy to let lending performed strongly in June and accounted for 17% of gross lending, says the council.

Overall, buy to let lending rose sharply in June, increasing both month-on-month and year-on-year. 

 

But while direct buy to let house purchase rose significantly, these lending increases are driven more by strong buy to let re-mortgage activity, which was up 29% in just one month.