Buy to let was expected to be the worst victim of the credit crunch with supply fading out completely. But it appears that this hasn’t happened.
It may be that some less experienced investors have faded out, but the latest figures from the Council of Mortgage Lenders (CML) show that the sector has not only survived but is recovering.
The second quarter of the year shows figures from the CML that buy to let mortgages in arrears of over three months or more was 29,400 (2.49%), down from 35,600 (3.06%) from the first quarter.
The CML stated that these figures represent the first signs of stabilisation as the decline in lending had slowed. So it appears the property investment market may well have ‘bottomed out’. The most important regard for investors is that their investment property is viewed in the long term where they will see the growth again.