Year-on-year the market grew strongly with a 14 per cent rise in the volume of loans and 18 per cent increase in the amount advanced.
It is no surprise that the sector continues with its strong performance. As would-be first-time buyers continue to struggle to get on the housing ladder, more people are turning to renting. This is pushing up rents, making the sector increasingly attractive to investors.
While capital growth on investment properties is likely to remain subdued for some time to come, income is strong and returns favourable when compared with other investments.
With more buy-to-let deals available, rates are increasingly competitive although criteria remain tighter than before the downturn. It is important for landlords to seek independent advice from a broker such as SPF Private Clients when adding to their portfolio or refinancing