{"id":2103,"date":"2013-04-25T11:45:05","date_gmt":"2013-04-25T11:45:05","guid":{"rendered":"http:\/\/blog.legal4landlords.com\/?p=2103"},"modified":"2013-04-25T11:45:05","modified_gmt":"2013-04-25T11:45:05","slug":"uk-buy-to-let-mortgage-figures-reach-new-high","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/lforl\/uk-buy-to-let-mortgage-figures-reach-new-high\/","title":{"rendered":"UK Buy To Let Mortgage Figures Reach New High"},"content":{"rendered":"<h2 style=\"text-align: center;\">\u00a0<span style=\"color: #ff0000;\">Buy To Let Mortgages Continue To Lead The Way In UK Property Market<\/span><\/h2>\n<div id=\"attachment_2105\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"http:\/\/blog.legal4landlords.com\/wp-content\/uploads\/F4L_background1.jpg\"><img aria-describedby=\"caption-attachment-2105\" decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-2105\" title=\"F4L_background\" src=\"http:\/\/blog.legal4landlords.com\/wp-content\/uploads\/F4L_background1-300x146.jpg\" alt=\"Buy To Let Mortgages Lead The Way In UK Property Market\" width=\"300\" height=\"146\" \/><\/a><p id=\"caption-attachment-2105\" class=\"wp-caption-text\">Buy To Let Mortgages Lead The Way In UK Property Market<\/p><\/div>\n<p>Re-mortgaging activity in the first quarter of 2013 saw UK mortgage lending reach a new high, with more landlords trying to raise finance to buy more suitable residential properties with a view to letting them out to tenants, according to the latest research by Mortgages for Business.<\/p>\n<p>Re-mortgaging activity also increased sharply from 43% in the last quarter of 2012 to 69% of all residential buy to let transactions in the first quarter of 2013, the highest recorded figure for a single quarter since the beginning of 2011.\u00a0<\/p>\n<p>Refinancing also accounted for over two-thirds of all buy to let mortgage transactions on Houses\u00a0of Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB).\u00a0<\/p>\n<p>Managing Director of Mortgages for Business, David Whittaker said: \u201cGross yields are tantalisingly strong at the moment, and that has sparked a real splurge of refinancing as landlords try to unlock enough capital to expand their portfolios and make hay while yields are high. With so much refinancing going on at the moment, we might well see a purple patch of purchasing activity later on in 2013.\u201d\u00a0<\/p>\n<p>Aside from remortgaging, many investors are also turning to alternative lending in order to acquire more rental properties, according to a poll of financial intermediaries.\u00a0<\/p>\n<p>In a recent survey of 350 mortgage brokers carried out by bridging lender West One Loans, a record 36% of intermediaries listed buy-to-let as the most popular use for bridging loans.<\/p>\n<p>This figure has increased dramatically from just 23% since the bridging lender first carried out a sentiment survey in August 2012.\u00a0<\/p>\n<p>A spokesman for <a href=\"http:\/\/www.finance4landlords.com\/\">Finance 4 Landlords<\/a> said, \u201cA generation of tenants are demanding rental accommodation, and a growing\u00a0number of landlords need <a href=\"http:\/\/www.finance4landlords.com\/buy-to-let-mortgages.htm\">buy to let mortgages<\/a> and even bridging loans in order to complete transactions on investment properties. The latest UK PRS rental figures show that there is a real hunger for more investment properties. However, banks remain hesitant on lending leaving property investors without support. The supposed upturn in traditional mortgage lending isn\u2019t meeting the property investor\u2019s needs. Unless banks and mainstream mortgage lenders are willing to trust the yield figures calculated by investors and put their money where their mouth is, the situation won\u2019t change. We believe that there is another way, which is why we are here for buy to let landlords and property investors who want to increase their rental property portfolios\u201d<\/p>\n<div id=\"attachment_2104\" style=\"width: 281px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/blog.legal4landlords.com\/wp-content\/uploads\/finance4landlords.gif\"><img aria-describedby=\"caption-attachment-2104\" decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2104\" title=\"finance4landlords\" src=\"http:\/\/blog.legal4landlords.com\/wp-content\/uploads\/finance4landlords.gif\" alt=\"Buy To Let Mortgages Lead The Way In UK Property Market\" width=\"271\" height=\"82\" \/><\/a><p id=\"caption-attachment-2104\" class=\"wp-caption-text\">Buy To Let Mortgages Lead The Way In UK Property Market<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Buy To Let Mortgages Continue To Lead The Way In UK Property Market Re-mortgaging activity in the first quarter of 2013 saw UK mortgage lending reach a new high, with more landlords trying to raise finance to buy more suitable residential properties with a view to letting them out to tenants, according to the latest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1404],"tags":[1772,1323,1324,108,461,1033,1773,1774,6,1427,1775,1776,671,1777,151,1778,89,1779,962,818,1780,819,396,1579,1781,1782,154,144,501,1046,26,1783,1784,1330,978,158,781,1785,559,1786,170,90,134,1787,258],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK Buy To Let Mortgage Figures Reach New High<\/title>\n<meta name=\"description\" content=\"The latest figures released by Mortgages for Business show that UK buy to let mortgages are leading the way as landlords &amp; investors seek finance to expand\" \/>\n<meta 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