The Council of Mortgage Lenders has released figures that show home loans have leapt up 35% in a year. It is thought the surge has come before home owners have to pay higher stamp duty fees if the they own more than one property from this April.
Although many landlords have expressed their disappointment in the new tax rises , they are also benefiting from excellent and low rates. However, with lenders implementing tougher selection criteria, not everyone wanting to invest in buy-to-let will be able to.
The figures also showed the value of loans provided for properties in the buy-to-let sector increased by 46% in November, compared one year earlier, to £3.5bn.
Having said this, home loans for buy-to-let were down by 9% during the month of November 2015 based on the figures from the previous year.
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