Call for bail out of buy to let

Buy-to-let investors will not be able to cope with demand unless they are able to access government support, the Intermediary Mortgage Lenders Association (IMLA) has said. After surveying 506 mortgage brokers, the IMLA found that 80 per cent of first-time buyers were unable to secure a mortgage and were choosing to rent instead. It argues that the government should support buy-to-let lenders so the rental market can make up for the ‘downward trend’ in home ownership.