According to data released by the CML on the 11th of August, buy-to-let lending grew 5% over the month to £2.2bn in June 2014, though the number of loans was the same as May at 15,600.
But growth was strong compared with June last year, up by 38% in value and 23% by the number of loans. Overall buy-to-let lending in the second quarter of 2014 increased slightly on the previous quarter but more substantially in comparison to the same period last year. Gross buy-to-let lending totaled 46,200 loans, up 22% on the second quarter of 2013.
The loans totaled £6.3bn, up 3% on the first quarter of 2014 and up 31% on the second quarter of 2013. Within the overall total of buy-to-let loans, 8,200 were advanced in June for house purchase and 7,250 for remortgage. The value of remortgage loans was up by 23% compared to June last year.
If you are thinking of investing in the Sheffield Housing Market then you should start by speaking to Belvoir! Sheffield as soon as possible, ideally before you have bought your investment property, or added any further to your portfolio. We have many years of experience of buy to let in Sheffield and can offer help and advise way beyond a typical lettings agency.
For more information, please visit Belvoir Sheffield or call 0114 331 0033. Alternatively, please email rick@belvoirsheffield.com
For the most up to date information relevant to landlords, vendors, and buyers of owner occupied and But to let property in Sheffield ensure you follow Belvoir! Sheffield on either Facebook, Twitter or visit our website for property lettings or property sales.
REF: http://www.property-investor-news.com/news/uk_news/2014/08/15/yearonyear_btl_lending_growth_is_strong.html#.U_MMYrxdUro
