Bradford & Bingley Group comments on CML’s Buy-To-Let figures

Record lending shows enormous confidence in the sector, says Gus Park, Bradford & Bingley Group’s head of buy-to-let.

“These figures demonstrate that 2006 was the year that buy-to-let grew up.

Landlords have greater knowledge and feel more comfortable in a market with relatively low rental yields. They are investing for the long term.

“The CML’s figures show that 2006 was a spectacular year for the buy-to-let market and we believe that there is plenty of room for further growth.

Buy-to-let is increasingly becoming the main way in which private rented accommodation is owned and financed.

“The arrears figures show that despite some recent reports, the credit profile of buy-to-let remains extremely strong with no increase in the rate of repossessions.”