Buy to Let lending may be up in 2012 but the sector lacks competition

Council for Mortgage Lenders figures show new buy-to-let lending hit £3.7billion in the first quarter of 2012, an average of over 30,000 loans, 32% higher than Q1 of 2011. The sector is taking up an increasing proportion of the overall residential market, up 0.6% from Q1 2011 to 12.8%

Read the full story at the Economic Voice

However, Some 74% of landlords agreed that the Buy-to-let market needs greater innovation, the research from BDRC Continental revealed.

Three in ten landlords who rely on buy-to-let mortgages said they saw no real difference in the buy-to-let products available on the market currently and 60% said that buy-to-let lenders do not consider their individual circumstances as a landlord.

Read the full story at Mortgage Introducer

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