Buy-to-let mortgages soar in popularity

iStock_000011825116_ExtraSmallThe buy-to-let sector has soared in popularity. According to recent data published by the Council of Mortgage Lenders (CML) buy to let mortgages now make up a record portion of all mortgages in the UK. Last year, buy-to-let mortgages accounted for 12.9% of the market. However, at the end of March, lending had grown by 0.5%, taking buy to let mortgages to a record 13.4% of the overall market. The buy-to-let mortgage is growing in popularity, with the rise in popularity due mainly to landlords taking advantage ...