Buy-to-let mortgages see popularity boost

by Daniel Jones

It may be a great time for landlords to expand their buy-to-let property portfolio, as figures show that buy-to-let mortgages have experienced a popularity boost.

The National Landlords Association (NLA) found that in the second quarter of the year, demand for buy-to-let mortgages increased by 25 per cent compared to the first.

An increase in average loan size was also witnessed, rising by £2,166 to reach £138,525.80.

NLA chairman David Salusbury commented: "Any mortgage products that encourage greater investment in the private-rented sector should be encouraged."

He emphasised that tenancy agreements are vital at a time when quality housing is in short supply.

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Published on: October 7, 2011

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