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Market News
This news is taken from our monthly market and economic newsletter, London Update.
Issue 46: November 2009
Buy to Let Mortgage Growth
The buy to let mortgage sector has seen a return to growth for the first time in two years. Figures from the Council of Mortgage Lenders (CML) show that the number of loans approved to investors rose from 21,600 in Q2 to 23,700 in Q3 this year, taking the total number of outstanding buy to let loans to 1,205,000, 11% of the mortgage market, with an outstanding value of £144.2billion.
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Current Bank Rate
0.5% - Next due: 05 Aug 10
Current Inflation (CPI)
3.2% - Next due: 17 Aug 10
3-month Sterling LIBOR
0.73344% - 13 July 10
