Buy-to-let lending continues to rise

By Napthens

02 Mar 2016

Website

A property expert has welcomed the news that the number of buy-to-let mortgages being taken out has reached its highest level since 2007.

Sarah Barnes, partner and head of Residential Property at Napthens solicitors, says the figures reflect an increase in investor confidence and an improving UK economy.

According to data from the Council of Mortgage Lenders (CML), 33,600 new mortgages were taken out for property purchases between July and September 2015.

In September alone, 11,300 buy-to-let loans worth a combined £1.5billion were advanced.

Sarah Barnes said: “The buy-to-let sector has experienced growth year on year in terms of both the number of mortgages taken out and their value, for both new purchases and remortgage lending.

“This strong growth points towards an increase in landlord confidence due to improving economic conditions, with the amount of mortgages steadily rising and buy-to-let remaining a popular investment option.

“However, despite the continued growth, buy-to-let is still the fourth largest lending type, after first-time buyers, home movers and remortgaging.” Figures also show first-time buyers took out 28,600 home loans in September, an increase of 10 per cent on the same month in 2014, while home movers took out 33,800 loans in the same period, a 15 per cent increase on September 2014.

Enjoyed this? Read more from Napthens

Latest news

1

Minister officially opens cutting-edge security operations centre at Burnley College 31-10-24 - Ministeral Visit - Abena Oppong-Asare -5.jpg.jpg

Minister officially opens cutting-edge security operations centre at Burnley College

05 Nov 2024

2

Nybble's Charlotte Knowles appointed to Brewin Dolphin’s Female Founders Board Charlotte Knowles

Nybble's Charlotte Knowles appointed to Brewin Dolphin’s Female Founders Board

05 Nov 2024

3

Rugby legend backs University of Central Lancashire’s push to boost careers in sport Liam Farrell

Rugby legend backs University of Central Lancashire’s push to boost careers in sport

05 Nov 2024

4

Healthier homes on the horizon thanks to business team-up Deyrick Allen, Niamh Allen, Derek Horrocks and Tom Allen

Healthier homes on the horizon thanks to business team-up

04 Nov 2024

5

LCM acquires CorroGuard and strengthens its position as a leading coatings service provider LCM Corroguard email header.jpg.jpg

LCM acquires CorroGuard and strengthens its position as a leading coatings service provider

04 Nov 2024

PC PrestonMacan GIF980x120
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
The Lancashire Festival of Business
FOB 315
Exhibitions
30 Jan 2025

The Lancashire Festival of Business

Impact Conferencing, Burnley, BB12 6QP

09:00 - 16:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Skills Bootcamp in Procurement - Cohort 2
Blue-Modern-Land-Travel-Youtube-Thumbnail-2-1024x576.png.png
LBV Hub Seminars
15 Oct 2024 - 17 Dec 2024

Skills Bootcamp in Procurement - Cohort 2

Community & Business Partners CIC, Blackburn, BB2 3UA

09:30 - 13:00

Bridging The Gap: Connecting business and developers
Nov Preston Tech Connection event banner-2.png.png
LBV Hub Networking
06 Nov 2024 - 06 Nov 2024

Bridging The Gap: Connecting business and developers

Society1 Coworking Space, Preston, PR1 3LT

18:00 - 19:30

Why Trade Internationally?
Chamber Logo.jpg.jpg
LBV Hub Seminars
06 Nov 2024 - 06 Nov 2024

Why Trade Internationally?

Lune Brew Co. Unit 2, Galgate Mill, Ind Est, Chapel Ln, Galgate, Lancaster, LA2 0PR

08:00 - 11:00

mBITfor transformative leadership and coaching
mBIT coach Practitioner.png.png
LBV Hub Seminars
14 Nov 2024 - 17 Nov 2024

mBITfor transformative leadership and coaching

Unlocking Possibilities training venue, 166 Waterloo Road , Blackpool, FY4 2AF

09:00 - 17:00

Avidly Activates UK 2024 - Activate your customer-driven sales and marketing
avidly activates audience having a good time.jpg.jpg
LBV Hub Networking
14 Nov 2024

Avidly Activates UK 2024 - Activate your customer-driven sales and marketing

Everyman Cinema, Holmes Mill, Clitheroe, BB7 1EB

10:00 - 16:00

The Business Network Central & East Lancashire
LBV Header (14).png.png
LBV Hub Networking
14 Nov 2024 - 14 Nov 2024

The Business Network Central & East Lancashire

Mytton Fold, Blackburn, BB2 7NP

11:30 - 14:15

Live Work Create: Building Community In The Modern World
Live-Work-Create-Building-Community-1024x1024.png.png
LBV Hub Networking
20 Nov 2024

Live Work Create: Building Community In The Modern World

Society1 Coworking Space, Preston, PR1 3LT

18:00 - 20:00

North West HR Employers Forum
CBP-logo LBV.png.png
LBV Hub Seminars
20 Nov 2024 - 20 Nov 2024

North West HR Employers Forum

Wham Stadium, Accrington Stanley, Livingstone Road, Accrington, BB5 5BX

09:00 - 12:00

LBV119 Magazine Launch Event
DSC9389
Networking
20 Nov 2024

LBV119 Magazine Launch Event

Stonyhurst College, Clitheroe, BB7 9PT

16:00 - 18:00

Blackburn & Darwen Youth Zone Quiz Returns for 10th Year!
Quiz Pic.jpg.jpg
LBV Hub Fundraisers
21 Nov 2024 - 21 Nov 2024

Blackburn & Darwen Youth Zone Quiz Returns for 10th Year!

Accrington Stanley Football Club, Accrington, BB5 5BX

17:00 - 20:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV118 Online Graphic
Subscribe now

Weekly news bulletin