London Buy to Let Market Remains Stable

CML Buy to Let News and Comment

Commenting on March figures from the Council of Mortgage Lenders on the buy to let property market, the CML's director general Michael Coogan said:

"Ignoring the effect of the stamp duty holiday, the lending figures show that the buy-to-let market has settled into a period of stable, low-volume activity. Generally, prospects for the rental market are good. But uncertainty over house prices, interest rates and the availability of mortgage funding is continuing to hold back the buy-to-let market at this stage.

"We also want to see how the new coalition government takes forward the Treasury's initiative to encourage higher investment in the private rented sector, bearing in mind the scope for growth that exists to meet future demand from tenants. There is a case for targeted measures in the Budget, even though the primary focus will be the fiscal deficit."

London Buy to Let Property News