IMLA Comments on UK Housing Debate


As debate about the UK housing market continues, the IMLA comments on recent findings and discussions.

Despite woes for the wider economy, recent Council of Mortgage Lenders figures on buy-to-let indicate strength in the housing market. With buy-to-let lending in the first quarter of 2012 standing at £3.7 billion (32,300 loans), the figure was down 5% on Q4 2011 although it was up by 32% compared to the same quarter in 2011.

The arrears rate on buy-to-let mortgages continues to be lower than in the owner-occupied sector with three month plus arrears at 1.7% in buy-to-let against 2% for owner occupiers. Remortgage levels were also around 30% higher than in the first quarter of 2011.

For full article see Tenantsure


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