The UK buy-to-let mortgage market has soared to record levels as bricks-and-mortar investors snap up cheap deals. Lending has been improving after the introduction of the Funding for Lending scheme, allowing banks to borrow cheaply and lend to small businesses and individuals. Borrowing has increased by 31 percent since last year and looks set to continue as the Governor of the Bank of England Mark Carney announced they’ll be no interest rate rises for at least three years.

Source: The Week

 

About the author

Nicolas Holmes

Nick joined Robert Holmes to inject fresh ideas and help grow the New Homes department of Robert Holmes as well as helping to inject technology into the business and to grow its client base. Together with one of the Directors Nick is in charge of all Development opportunities that Robert Holmes deals with along with sales. Aged 40, he provides succession together with the two existing directors. Nick has always been focused on building client relationships and sales. He built up his own gallery in Chelsea, where he had a loyal following of customers and artists.

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