Buy-to-Let holding up in credit crunch

The Financial Services Authority today announced that buy-to-let mortgages have been ‘more stable’ in the recession.

Other mortgage products have suffered from declining new lending levels, falling 59% since September 2007.

Meanwhile, however, buy-to-let lending has been ‘more stable’ over the period, accounting for 12% of all residential lending since Q2 2007.

This entry was posted on Tuesday, January 27th, 2009 at 2:32 pm and is filed under Buy to Let Mortgages, Property Investment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Francis Says:
January 28th, 2009 at 9:15 am
An earlier article said that about 93% of buy-to-let mortgage deals had disappeared. It looks like plenty of people are still taking advantage of the remaining 7%.
Dane Says:
January 29th, 2009 at 8:26 pm
It makes sense that buy-to-let landlords would be looking to expand right now. All things being equal, there should be plenty of choice in the properties available.
James Says:
February 4th, 2009 at 9:22 am
Presumably this sector will grow as it takes up some of the slack and landlords take the opportunity to invest.