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and London property specialists since 1959

News

May 30, 2013

Buy to Let Applications Soar

Buy-to-let applications soar

Buy-to-Let mortgage applications have soared by 26% in the past year as landlords seek to take advantage of the "perfect conditions" created by low interest rates and state–subsidised lending. Analysis by Sequence found that applications have almost doubled in the past two years and have jumped by 11% since March alone. In its report, Sequence said: "Funding for Lending, combined with historically low interest rates and continuing demand, has produced perfect conditions for buy–to–let landlords."