Lending for buy-to-let rises by 18%

Press Association
property from the air
property from the air

SCOTT HEPPELL/AP/Press Association Images

Buy-to-let lending has increased by nearly a fifth in the space of a year amid strong growth in the rental sector, figures have shown.

Some 33,200 loans worth £3.9 billion were advanced between April and June this year, an 18% increase on the amount of cash advanced compared with the same period last year, said the Council of Mortgage Lenders (CML).