The buy to let pipeline for one of the sector’s main mortgage lenders is now £911.4m some 39.9 per cent up on its June 2020 level.
The Paragon Bank, in a trading update for its shareholders, says mortgage application volumes from landlords remained strong in July despite the phasing out of the stamp duty holiday.
Meanwhile separate figures from the Hamptons letting agency show that London-based buy to let purchasers in the first half of the year have looked outside the capital in high numbers.
Hamptons says investors and second home buyers made up 20 per cent of all those from London and buying outside the capital in the January-to-June period.
This equated to 12,360 purchases in all – nearly the same number of homes sold in Birmingham in 2019.
City out-migration has been one of the key house buying trends of the pandemic with Londoners leading the charge, says Hamptons.
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