Press releases

Legal & General supports Council of Mortgage Lenders (CML) Buy to Let projections.

Ben Thompson, Managing Director, Legal & General Mortgage Club
Ben Thompson
Managing Director
Legal & General Mortgage Club

10 February 2011

Ben Thompson, Managing Director, Legal & General Mortgage Club
Ben Thompson
Managing Director
Legal & General Mortgage Club

The buy-to-let market has most likely bottomed and we expect good growth in this area through 2011 and beyond. The 'return' of lenders that specialise in this market has helped to provide a welcome boost and this year we expect more lenders to expand into this market, which is great news for all concerned. Ordinarily at some stage renting starts to look expensive compared to buying however the expectation is for rents to continue rising for some time, as mortgages remain hard to come by for many would be first time buyers, meaning the BTL market should be set for a good run now. With the decrease in social housing in addition to the current slip in home ownership, it is clear how important BTL is now becoming, not just for this industry, but for society as a whole".

Notes to editors

The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.


For more information please contact:

Alyson Bowcott

Alyson Bowcott
PR Manager, Legal & General Group

t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574
e: alyson.bowcott@landg.com


About Legal & General

Legal & General Assurance Society Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 166055.

About Legal & General

Legal & General Group Plc.

Registered Office: 
One Coleman Street 
London 
EC2R 5AA.

Registered in England. Registered Number: 1417162.

Legal & General Group Plc is a holding company, subsidiary undertakings of which are fully authorised as appropriate under the Financial Services and Markets Act in respect of their investment activities in the UK.

© Legal & General Group Plc 2011


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