Buy-to-let landlords are showing few signs of cutting back on borrowing in the face of tighter credit conditions. Figures show that the sector increased its share of the overall mortgage market in the fourth quarter of 2007.
The Council of Mortgage Lenders said yesterday that lenders advanced 84,800 new loans, totalling £11.6bn, to buy-to-let investors in the last three months of the year. New lending had slowed, from 94,300 advances totalling £12.5bn in the previous quarter, but was still significantly higher than in the same quarter of 2006.
