Mortgage lending to landlords is matching soaring demand
from first-time buyers, Bank of England data show. The lending figures for the April-June period
were 23pc higher than for the previous three months - a rate of growth,
according to the Bank, which was "the highest in any year since the series
began in 2007." Lending to
landlords, which in the three months to the end of June totalled £5bn, was up
29pc from £3.9bn a year earlier. First time buyer lending, although higher in
nominal terms, grew at a similar rate of about 30pc from £6.1bn to £8bn. Read more on the Daily Telegraph website.
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