With the first half of 2011 behind us, time to catch up on the key buy to let indicators for the year so far. Data from the Council of Mortgage Lenders (CML) paints a slightly mixed, but improving picture:

  • Total value of outstanding buy to let loans rose from £151.5 bn at the end of 2010 to £152 bn at the end of the first quarter of 2011
  • The average loan to value ratio of a buy to let loan stands at 75%
  • 27,000 new buy to let loans were taken out in the first quarter of 2011, up from 22,000 loans in the first quarter of 2010
  • Average rents have increased to £692 pcm

So it’s a slowly improving picture, the average LTV makes clear that buy to let is now a mature market for the long term investor.