Landlords are surging into the housing market, with
buy-to-let mortgage numbers growing at more than four times the pace of
first-time buyer mortgages. July saw banks and building societies give out
£1.6bn of loans to landlords buying properties, up 33pc on the same month of
2014, according to the Council of Mortgage Lenders (CML). By contrast
first-time buyers borrowed £4.6bn in the month, up 7pc on the year. And home
owners moving to a new property took out a further £7.6bn in home loans, up
10pc on the year. The rush to grab buy-to-let properties is likely to put up
house prices, as there is a limited supply of properties onto the market. Read
more on the CML website.
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