ARLA response to CML buy-to-let lending figures

Following the publication of CML statistics, which suggest that buy-to-let lending has grown for the first time in two years, Ian Potter, Operations Manager of the Association of Residential Letting Agents (ARLA) comments:
“ARLA welcomes the rise in buy-to-let lending, which suggests that the market is getting back on its feet following two years of pain through a lack of lending from high street banks. ARLA’s statistics show that landlords have increased their average number of properties from 6.3 to 7.0 during the past year due to low interest rates and higher rental yields.
“The Council of Mortgage Lenders rightly points out that the buy-to-market has faced some of the greatest challenges during the recession although it remains a crucial part of the UK housing market.”
ARLA (Association of Residential Letting Agents)
November 2009

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