council of mortgage lenders BTL figures
Joshua Elash a Director at MT Finance comments:
It is nice to see some positive data.
The figures released by the Council of Mortgage Lenders provide direct evidence of the continued resurgence of the U.K’s property market fuelled in part by low interest rates and the impact of Government initiatives such as the Help To Buy lending scheme.
With interest rates set to stay put to mid 2016 there will inevitably be further and increased interest in the Buy To Let sector as investors seek alternative means of generating returns. This market will be an exciting space in the coming months and we hope that higher lending levels continue.
With house prices in July having exceeded their previous 2008 peak level there is some concern, however that unless supply levels can be increased another bubble may yet be laying in wait. Residential development needs to be encouraged at the local and national level. It would be equally beneficial to see an increase in liquidity in the development finance sector.
MT Finance (mtf) is a Leading Bridging Finance Lender and winner of Best Bridging Finance Company at The Financial Report Awards 2013, Best Service From a Bridging Lender at The Bridging and Commercial Awards 2013.