Expect more, earn more, be more

Call us on 01244 421 261

2014 Buy to Let lending value up 32% on 2013

Posted by on March 9, 2015

In Q4 of 2014 Buy-to-let loans totalled 54,000 – up 4% on the previous quarter and up 16% on the same period in 2013. This totalled in value £7.7bn, an increase of 5% on the third quarter and up 26% on the fourth quarter 2013.

Paul Smee, director general of the CML, commented:

“In 2014, the mortgage market saw unprecedented change with the introduction of major regulatory reform but the market has adjusted and kept its stability throughout. There will be challenges in 2015, including preparation work on the European Directive implementation and a General Election potentially bringing new housing policies to be put in place. But the industry is stronger than a year ago and ready to meet the challenges going forward.”

Paul Pearce, Intermediary Sales Director at Let Alliance comments:

“2014 certainly saw continued positivity within the Buy to Let sector and with this came the continued growth of Let Alliance specialist Landlord Buildings & Contents Insurance sales. More and more advisers are looking for a product that fits the demands and needs of their landlord clients and we have the proposition for them. By focusing 100% on buy to let insurance products we are the “go to” provider”.

“Our own 2014 sales figures broke through 2013 easily and as we now work with both Directly Authorised intermediaries as well as being chosen by many Network panels for their Appointed Representatives, we see 2015 being yet another stunning year for Let Alliance Landlord B&C sales and we are here to make that happen for all intermediaries who choose to utilise our specialist products”.

Share this story:

Leave a comment

© 2018 Let Alliance Ltd.