Buy-To-Let Borrowing Grows While Other Buyers Struggle

Landlords are the only group borrowing more than a year ago, according to the latest lending industry data, while first-time buyers and ordinary homeowners are taking out fewer loans than at the same time last year. The Council of Mortgage Lenders figures for November confirmed the general slowdown in the housing market already evident in much data from other sources. But they also highlighted the fact that buying-to-let remains in rude health, with lending to landlords up 9pc compared with the year before. Overall lending to mainstream home-buyers fell by 7pc over the year to 55,600 loans in November. Lending to first-time buyers was 3pc down on the year before. Read more on the CML website.