Lamport Bassitt Solicitors - Legal News - Buy-to-let market returns to growth


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Buy-to-let market returns to growth People looking for property investment advice may want to consider the buy-to-let sector as it returns to growth. New figures from the Council of Mortgage Lenders reveal the value of buy-to-let loans increased by 21 per cent in the period between April and June. There were 32,000 buy-to-let loans, worth £3.5 billion, taken out in the second quarter of 2011, the highest number and value since the last quarter of 2008. Remortgaging accounted for 65 per cent of the overall increase in lending in the quarter. Meanwhile, almost a quarter of landlords are feeling more optimistic about the prospects for their property portfolios, rental income and yields, buy-to-let mortgage specialist Paragon has revealed. Nigel Terrington, group chief executive at the firm, said: "Landlords are still experiencing high levels of tenant demand which is set to rise further in the coming quarters. "It is encouraging to see yields remaining at a healthy level, low void periods and general confidence across the sector." Posted by Alex McLean Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News