The buy-to-let mortgage market grew for the first time in two years during the third quarter, figures have showed.

A total of £2.1 billion was advanced to investment landlords during the three months to the end of September, 10% more than during the previous quarter, the Council of Mortgage Lenders said.

But despite the improvement, the figure was still the second lowest since records began in 2006 and well down on the peak of £12.4 billion which was lent during the third quarter of 2007.

There was also a 10% increase in the number of buy-to-let mortgages advanced during the three months, at 23,700, up from 21,600 during the previous quarter.

Source – Press Association – http://www.google.com/hostednews/ukpress/article/ALeqM5grnCX0gpcdRIO60b52B5zOAisOpQ