Buy-to-let mortgage lending soars as the rental market demand continues to grow | Mail Online
Buy-to-let mortgage lending has soared by 10 times since last year as the rental market continues to boom, a mortgage lender has revealed.
Platform, the dedicated intermediary lender of the Co-operative Bank, said it is currently lending at a rate of £650million a year for buy-to-let mortgages. This represents a tenfold increase on 2010.
This type of lending has rocketed from 10 per cent of its applications last year to reach 80 per cent.
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