Lending for buy-to-let soared by 26% during the last
three months of 2014, far outstripping the growth in lending to first-time
buyers, according to figures from the Council of Mortgage Lenders. Banks and building societies handed loans worth £7.7bn to
landlords in the fourth quarter of 2014, up 32% on the same period a year
earlier. Meanwhile lending to first-time buyers was £11.6bn, down 2% on the
previous quarter but up 5% over the year. The number of loans for buy-to-let
across the whole of 2014 totalled 197,700, up 23% compared to 2013. Read more
on the Guardian website.
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