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BTL mortgages on the rise

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BTL mortgages on the rise

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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.

Read the full story at Financial Reporter

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