London Loves Property: Buy-to-let is bouncing back 'with lending rocketing nearly 40% in the fourth quarter'

UK Finance has this morning published data showing that, in Q4 2024 there were 52,648 new buy-to-let loans advanced in the UK, worth £9.6 billion.

This was up 39.2 per cent by number (47.2 cent by value) compared with the same quarter in the previous year. It also revealed that, at the end of Q4 2024, there were 12,610 buy-to-let mortgages in arrears greater than 2.5 per cent of the outstanding balance.

Harps Garcha, Director at Brooklyns Financial added, "Even though it may not feel like there's much good news for the buy-to-let sector, today's lending data does offer a glimmer of hope.
Rent increases, combined with a slight reduction in interest rates, have eased some of the pressure on landlords.

"While the recovery may be slow, the signs suggest we are heading in a more positive direction. That said, challenges remain, particularly with the looming introduction of the Renters Reform Bill. The sector must continue to adapt, but for now, there are reasons to be cautiously optimistic."

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