There are now over 2,000 different buy-to-let mortgages on offer in the UK according to a new financial product comparison resource.
The figures, compiled by eMoneyfacts.co.uk show a large growth in the sector over the course of the last two years. The Council of Mortgage Lenders said that in the first half of 2006 buy to let represented over 11 per cent of total mortgage borrowing – which is a 3% rise on figures from the same period at the start of 2004.
Senior analyst for eMoneyfacts, Alan Harper said: "Not only is there plenty of evidence indicating the volume of new buy to let borrowing is increasing, but buy to let is also claiming a much larger proportion of the UK's overall mortgage market."