Saturday 23 July 2011

Buy to let booms as first time buyers struggle to get mortgages | Mail Online

Buy to let booms as first time buyers struggle to get mortgages | Mail Online

Britain is in the grip of a buy-to-let boom while first-time buyers still struggle to get mortgages, the Bank of England said yesterday.

Official figures show the number of mortgages for would-be landlords has reached an all-time high of 1.3million, while the number of ordinary buyers managing to get a loan for their home is plummeting.

Now experts warn a generation of young people are being forced into renting.

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