Buy-to-let lending totalled £3.7 billion in the first quarter of 2012

Aaron Strutt Image

New buy-to-let lending in the first quarter of this year totalled £3.7 billion (32,300 loans), according to the Council of Mortgage Lenders. This was 5% down on the fourth quarter of 2011 and 32% higher than in the first quarter of 2011, but still only around a third of its 2007 levels.

The average maximum loan-to-value available from lenders on buy-to-let mortgages remained at 75% in the first quarter of the year, with the average minimum rental cover 125% - up from 123% in the previous quarter, but otherwise the same as for nearly three years.

The repossession rate was 0.12% - virtually the same as for the last five quarters - compared with 0.08% in the owner-occupied sector.

May 11, 2012

Get Started

Get started today

Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.

Google Reviews
Trustpilot
Book a Consultation Talk to an Expert
As seen in
Sunday Times Telegraph Financial Times BBC News The Express The Times