Buy-to-let figures encourage Arla

Posted: 17 Aug 2009 10:00:33 GMT

The Association of Residential Letting Agents (Arla) has welcomed the latest buy-to-let figures from the Council of Mortgage Lenders (CML).

Last week, the UK body for mortgages claimed that this part of the housing market had stabilised after the decline in lending for property investment slowed.

Figures indicated that there were 21,600 new buy-to-let loans advanced in the second quarter of this year.

A statement from Arla said: "This news from the CML, whilst not unexpected, is nonetheless confirmation that things are starting to pick up for buy-to-let investors."

It is encouraging to see that repossessions in this sector are falling, the association added.

Arla went on to say that buy-to-let would be fully stimulated if there was an upturn in responsible mortgage lending from banking institutions because "an illiquid market can never be a positive one" for tenants, landlords or the wider economy.


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