BTL mortgages on the rise
With the choice of Buy to Let mortgages increasing over the last three months, landlords are set to have a buying spree as they look to put their equity into new properties.
The latest Mortgages for Business Index shows that new purchases made up a large proportion of lending in the last quarter of 2013 with 47% of these being atributed to BTL properties. This is compared to 38% in the previous quarter and only 31% at the beginning of the year.