Investment Property News - Bueno Investments Limited

The rented property market remains strong as buy-to-let mortgage lending hit £24.1bn in the last six months of 2007, up from £21.2bn in the first half of the year, a survey has shown.

The data from the Council of Mortgage Lenders also reveals that buy-to-let lending rose from the £20.8bn recorded in the second half of 2006.

The figures show the number of loans, including remortgages, to buy-to-let landlords reached 179,100 in the second half of 2007, up from 171,800 in the first half of the year and 177,200 in the second half of 2006.

Michael Coogan, CML director general, said: "Tenant demand for private rented property remains strong, and buy-to-let is fulfilling an important role in helping to deliver an increased flow of high quality homes to rent.

“Buy-to-let has remained resilient in the face of the funding constraints that have affected the sector and the wider mortgage market.

“We expect to see a continuing healthy appetite for buy-to-let finance this year, in line with continuing expected consumer demand for private rental property."

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