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Average buy to let loan grows

The average loan for buy to let properties rose 33 per cent to £102,000 in the three months from December to February, against £76,600 during the previous three months.

But the number of loans made was down 3.5 per cent at 4,218 between December and February, compared with 4,369 in the Autumn quarter, according to figures from the Association of Residential Letting agents.

ARLA president Robert Jordan says: “Our members report the supply of rental properties cannot meet demand in London and the south east and the rest of the country shows a balance between supply and demand.”

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