Buy-to-let buoyant in 2007

According to new data from the Council of Mortgage Lenders (CML), the number of loans (including remortgages) to buy-to-let landlords in the second half of 2007 was 179,100, up from 171,800 in the first half of the year and 177,200 in the second half of 2006. This means the total number of outstanding buy-to-let mortgages has now passed the million mark, standing at 1,038,000 at the end of 2007 - nearly 23% up on the 846,900 a year earlier. On average, at the end of 2007 lenders had an 85% maximum on the percentage of the value of the property that they were willing to advance, and requ...