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Buy-to-let mortgage lending up 20% outpacing residential growth
Analysis from Equifax Touchstone shows that buy-to-let lending in Q1 2015 grew by nearly 20% year-on-year, dramatically outpacing residential lending which was up by 1.6%. Total lending for the quarter stood at £36.2bn, a year-on-year increase of 5.4%. The average value of each mortgage was £177,060 for residential (Q1 2014:…
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