Tuesday, August 14, 2007
More lambs to the slaughter?
Landlords have taken out a record number of buy-to-let mortgages, despite the well-flagged slowdown in the property market, according to latest figures from the Council of Mortgage Lenders. The CML said by the end of June the number of buy-to-let loans outstanding had reached an all-time high of almost 940,000. The value of the outstanding mortgages has reached £108bn - another record - and an increase of 14pc on the second half of 2006.