Mortgages for buy to lets at l million
Almost one thousand a day buy to let mortgages were taken out last year giving a record figure of l million.
Prices are falling across the country and the ten-year long house price boom looks as though it is over.
When records of buy to let mortgages started in 1998 there were less than 30,000 recorded now records show that l.04 million Britons have a buy to let mortgage.
Investors who target flats in city centres are being blames for pushing up property prices to levels many cannot afford.
Buy to let mortgages approved between June and December last year were up 23% on the figures for the same period in 2006.
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