Buy-to-Let lending decreased in Q4 2017 according to BOE
March 14, 2018
Bank of England published 13th March 2018 Mortgage Lenders and Administrators Statistics – 2017 Q4
New residential mortgage lending activity decreased in Q4 2017 from the previous quarter. In total £69.1 billion of new residential loans were advanced to individuals during the quarter. This was a 2.5% decrease compared to the previous quarter however a 10.1% increase from the same quarter last year.
New commitments increased by 5.2% from £61.7 billion in Q4 2016 to £64.9 billion in Q4 2017.
The share of buy-to-let (BTL) lending decreased to 12.7% in Q4 2017; this is the lowest percentage since Q3 2013.
Read the BOE publication 13th March 2018 in full click here.
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