Commercial mortgage brokers have seen a 43% increase in business on last year at £19bn, a member survey by the National Association of Commercial Finance Brokers has shown.
Buy-to-let mortgages rose from £4.7bn last year to £9.7bn this year, equating to a 104% increase year-on-year. Adam Tyler, chief executive of the NACFB, says: “Recent press reports have suggested that the UK buy-to-let market has resisted the gravitational pull caused by the black hole in the US sub-prime market.
“Our figures certainly seem to back that view – although it must be borne in mind that the full impact of the current credit crunch is unlikely to be seen until next year’s survey results come in.”
Leah Milner - 11-Sep-2007
By Leah Milner
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