Average buy-to-let loan £149k

The average buy-to-let loan application in the UK is for £149,000, according to the latest research* from the National Landlords Association (NLA).

However, the range of buy to let loan values varies greatly across the UK, with one third (33 per cent) of landlords borrowing between £50k – £100k to fund their letting property purchase.

Furthermore:

  • 27 per cent of landlords borrow between £100,000 – £149,999.
  • 13 per cent borrow between £150,000 – £199,999
  • Five per cent borrow between £200,000 – £249,99
  • Twelve per cent of landlords borrow over £250,000

Regionally, landlords in London (Central) borrow the most at around £228,000 – a difference of £141,000 when compared to the average landlord in Scotland, who borrows just under £87,000.

 

Full regional breakdown

 Region               Buy-to-let Loan (£’s)

London Central                 227,813

London Outer                    198,790

South West                       158,807

SE (Ex London)                 152,777

West Midlands                  149,333

East of England                 125,000

North West                         117,647

Wales                                 112,500

East Midlands                    106,373

Yorks & Humber                103,431

North East                          101,250

Scotland                             86,538

 

Carolyn Uphill, Chairman of the National Landlords Association (NLA), said:

“While these findings indicate that the current mortgage finance market is healthy, it shows that landlords, and their finance needs, are far from homogenous.

“Like any small enterprise, private-landlords are always looking for an opportunity to invest and grow and this is only possible if their individual circumstances are taken into account by lenders. In order to support the provision of homes where and when they are needed, landlords need access to tailored, affordable finance which makes investment viable.

Article courtesy of National Landlords Association

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