Buy to let up over 42pc year on year

The buy to let market continuing its sturdy performance since November, as sales were up by 42.8% year on year, according to Equifax Touchstone research.

buy to let mortgageOverall mortgage sales fell by 8.4% between October and November, but in the same time last year they dropped considerably by 16%. The average value of a buy-to-let mortgage this year is £162,065 which was £146,810 in last year.

Iain Hill, Relationship manager at Equifax Touchstone says: “Regardless of the softening market demand we need to remind ourselves that 2015 has been a very good year, with the market significantly ahead of 2014. Looking forward, there has been much speculation about where the market will go in 2016, and the current instability does not make planning any easier.”

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