UK mortgage lending 'continuing to rise'
Buy-to-let property investors could be benefiting from increased lending in the UK.
According to the British Bankers' Association (BBA), the value of mortgages granted continued to rise last month.
Figures for September indicated an increase of £3.1 billion, following similar growth in the previous month.
It represented an annual rise of 4.6% and BBA statistics director David Dooks noted that a recovery is being seen in the number of house purchase approvals.
"Mortgage lending by the high street banks is continuing to improve," he said. "Housing market activity will depend, however, on more properties coming on to the market."
Last week, chief executive of Assetz Stuart Law expressed confidence over the future direction of the UK housing market.
Those choosing buy-to-let property could be set to benefit, as he predicted a return to peak prices within 18 months, based on the activity that has been seen over the last 2 quarters.
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