3 October 2014

New buy-to-let mortgage lending in the first three months of 2011 totalled £2.9billion across 27,600 loans, according to latest data from the Council of Mortgage Lenders.

Echoing a more pronounced decline of 11% in the wider mortgage market, buy-to-let lending in the first quarter was around 3.5% lower than the £3billion of lending across 28,600 loans in the fourth quarter of 2010, but up on the £2.1billion and 22,000 loans in the first quarter a year ago.

Ove

Buy-to-let lending accounts for 12.3% of total outstanding mortgage lending by value, and 11.6% of mortgages by number.

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