This has been largely attributed to ongoing demand for rental property allied to a dysfunctional owner-occupier market.
There were 26,900 buy-to-let loans advanced in the third quarter, worth ?2.8 billion, according to the CML .
And by the end of September, there were 1.29 million buy-to-let mortgages outstanding, an increase of seven per cent from the previous quarter.
"We would expect buy-to-let demand to pick up further if current rising rental trends continue and house prices remain broadly stable," commented CML director general Michael Coogan.
"However, there is short term uncertainty as a result of the unresolved debate on housing benefit and landlords response to new limits."
This comes after research conducted by Policis suggested that as many as one in five homeowners could become mortgage prisoners if new lending rules are introduced.?
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