Buy-to-let homebuying activity is “nearly half what it was a year ago” and has averaged around 6,000 purchases a month over the last 12 months, said the body, which represents banks and building societies.
The number of landlord purchases involving a mortgage was 5,300 in April this year. This compared with 10,300 in February 2016 and 11,800 in July 2015.
As a result, the CML has cut its forecast for buy-to-let lending from £38bn being lent in both 2017 and 2018 to £35bn in 2017 and £33bn in 2018
One Things which I would like to point out being a North of England Residential Investment Agent: The demand for Morgan Grey stock has NEVER been higher in the 10 years we have been operating; Quite simply with excellent value for money and high yields – the North of England has seen demand increase , with Investors who previously purchased in the South East looking further North for quality stock.
If you are looking for investment properties, wish to chat about Investing or you are a developer or property sourcer, with Stock you wish to place – please email us at firstname.lastname@example.org