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.
- 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
East Midlands 106,373
Yorks & Humber 103,431
North East 101,250
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