Buy-to-let has been one of the UK's financial success
stories. While it may have dipped in the worst years of the credit crunch,
lending to residential property speculators is almost back to pre-2008 levels. But
there is now increasing concern that amid a UK housing crisis, buy-to-let may
be part of the problem, not the solution.
According to the Council of Mortgage Lenders, there were 16,000
buy-to-let loans worth £2.2bn approved in May 2014. In 2013 buy-to-let
accounted for 14 per cent of all mortgage borrowing, compared with 11.5 per
cent in 2012 and 9.5 per cent in 2011. Comparethemarket.com reported that the
comparison site had seen interest in buy-to-let mortgages jump 70 per cent
since the start of the year. Read more on the Independent website.
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