Take-up of rental property now tends to be owned by small first-time buy-to-let landlords buying small properties compared with 10 years ago when the main players in this market were banks, suggests a CML special report.
Details of the buy-to-let marketing briefing suggests not only has the number of single property buy-to-let landlords grown to 30%, but the number of landlords holding 250 properties or more has dropped to 6% compared with one in five owners in 1994. "We have relatively little information about the types of property being purchased under buy-to-let. Anecdotal evidence from lenders suggests they tend to be smaller properties at the modest end of the price spectrum," says the Council of Mortgage Lenders. "Our 2000 benchmarking study found that the average price of a buy-to-let property ...
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