Demand for buy to let mortgages increases

This contrasts sharply with the start of 2011 when Buy to Let accounted for just 10.9% of all mortgages.

What’s more, two out of three buyers are opting for fixed-rate mortgages rather than discounted or tracker mortgages. The appetite for Buy to Let remortgages remains low at just 1.7% of all mortgages.

David Miles, Managing Director of haart Financial Services, said: "The substanial increase in demand for Buy to Let mortgages is the clearest indicator yet that the appetite for Buy to Let among house buyers is returning after a couple of years of fairly benign growth.

"This is reflected in the demand among our customer base for lettings at haart, which continues to grow exponentially year on year at present."

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