Landlords expanded their portfolios in Q3, making use of significantly more purchase finance than in previous quarters, according to the latest Mortgages for Business Complex Buy to Let Index.
As a proportion of all lending, the third quarter saw an increase in new purchases for every section of the buy to let mortgage market – except semi-commercial investments – indicating a strong acceleration in investment in residential properties to let.
Despite this increase in purchase lending, re mortgaging remained a dominant part of total lending for three of four types of buy to let property – once again excluding semi-commercial properties, and indicating strong demand for extra leverage from residential landlords.
For free independent buy to let mortgage advice in Edinburgh and the Lothian’s contact Integrity IFA now on 01316530588 our visit our website at www.integrityifa.com to use our free mortgage source and calculator.
