Stuart Law, CEO of Assetz comments, on the CML mortgage lending data out today

Horizontal Rule
12th June 2014

“Today’s mortgage data shows the depth of growth for buy-to-let with a 43% year on year increase in the number of loans and a 57% increase in overall value. Investors are increasingly heading for hotspots away from London, and in particular Northern cities where employment is strong, in search of higher yields are greater and long term capital appreciation.

“However, contrary to some claims, first-time buyers are not being stymied by investors with the volume of loans to these aspiring homeowners up 37% year on year. A word of warning: new built stock is actually running low at the same time that our investor appetite for off-plan is returning nationwide. Recent renewed efforts to improve the planning process and potential release of brownfield land announced by the government are welcomed but let’s see some quick action and buy-in here from local authorities; rhetoric alone won’t deliver supply.”

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Stuart Law

Stuart Law, CEO of Assetz Plc, is an experienced & active investor in property, whose views are often sought by the media. Stuart Law's Property Investment Blog