Mis-sold Mortgage Claims > Mortgage News
Previously Mortgage Fraud Hit Buy to Let Market Recovers
Fri, 04 Nov 2011
The buy to let market was left devastated by mortgage fraud for a dark couple of years.

However, towards the end of last year that sector appeared to begin attracting lenders once again, funding took off and house prices stabilised.

2010 saw Paragon come back to new lending with a £200m revolving warehouse facility which specialists took as a sign of a considered return to the mortgage market.

2011 has witnessed the re-entry of Yorkshire Building Society and the Skipton Building Society to the buy to let mortgage market, with a forthcoming launch of Metro Bank into that sector in the near future.

Several regional building societies have begun to do more buy-to-let lending too.

Council of Mortgage Lenders figures highlight the increase in the number of mortgage lenders meant new buy to let loans increasing by 21% to £3.5bn in Q2 2011. 32,000 buy-to-let loans were taken out from April to June, the highest in value and numbers since Q4 2008.
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