Buy to let mortgage lending increases.
The buy to let mortgage market is strengthening and the demand for investment property shows no sign of weakening any time soon.
According to the Nationwide mortgage survey an increase in buy to let mortgage demand is expected by brokers over the next year as landlords continue to increase their property portfolios.
The announcement that the UK economy has come out of a second recession may lead to a further increase in demand, currently the signs point to the buy to let sector continuing to be buoyant.
Many more landlords may enter the property investment market during the final quarter of year as existing landlords decide to increase their portfolios.
The Nationwide and The Mortgage Works director of group intermediary sales commented saying that while buy to let mortgage lending is nowhere near pre-credit crisis levels, last year's lending was over £14 billion which is an increase of 40% from 2011. This suggests buy to let is back which is positive news for landlords.
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