Nottingham Letting Agent Property Blog

According to figures recently released by the Council of Mortgage Lenders, the number of properties purchased with buy to let mortgages rose by around 84,000 last year, helping to increase the supply of privately rented homes. During the last quarter of 2011, 34,800 buy to let mortgages were approved, although 15,000 of these were remortgages. They have a total worth of £4 billion. These figures are almost the same as those seen in the third quarter, but are substantially up on the fourth quarter of 2010 when 26,300 loans were approved, worth £2.9 billion.While this might seem like a relatively large...