Recovery Signs

Figures from the Council of Mortgage Lenders (CML) show that lending is up by 4% compared with October last year. Overall gross mortgage lending in October rose by 13% to £12.9bn, the highest level since last November.

Bob Pannell, CML chief economist, said: “House purchase and re-mortgage activity both appear to have picked up recently, and this should be supported by an improvement in the availability and pricing of mortgages.

The Residential Landlords Association has warned that new landlords risk being left tens of thousands of pounds out of pocket because they are piling in to a buy-to-let boom without doing proper research. Banks are issuing the largest number of landlord loans since records began. One in eight home loans, around 1.5m, are for rental properties, according to watchdog the Financial Services Authority.

Source: Daily Mail and The Times

We say: Half full or half empty? Is increasing house lending really a sign of recovery or a harbinger of doom for gung-ho BTL investors? No doubt there are bargains to be had out there, but care and good advice is needed.



Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.


Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.


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