Business mortgages, or buy-to-let (BTL) mortgages, are a loan sold to property investors, rather than to people who want to purchase a home to live in. As of the fourth quarter of 2019, remortgaging dominated the BTL lending market, accounting for between 58 and 81 percent of mortgage transactions.
Distribution of purchase and remortgage lending transactions of buy-to-let properties in the United Kingdom as of 4th quarter 2019, by property type
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Mortgages for Business. (February 18, 2020). Distribution of purchase and remortgage lending transactions of buy-to-let properties in the United Kingdom as of 4th quarter 2019, by property type [Graph]. In Statista. Retrieved February 28, 2021, from https://www.statista.com/statistics/1121139/buy-to-let-purchase-and-remortgaging-share-by-property-type-united-kingdom/
Mortgages for Business. "Distribution of purchase and remortgage lending transactions of buy-to-let properties in the United Kingdom as of 4th quarter 2019, by property type." Chart. February 18, 2020. Statista. Accessed February 28, 2021. https://www.statista.com/statistics/1121139/buy-to-let-purchase-and-remortgaging-share-by-property-type-united-kingdom/
Mortgages for Business. (2020). Distribution of purchase and remortgage lending transactions of buy-to-let properties in the United Kingdom as of 4th quarter 2019, by property type. Statista. Statista Inc.. Accessed: February 28, 2021. https://www.statista.com/statistics/1121139/buy-to-let-purchase-and-remortgaging-share-by-property-type-united-kingdom/
Mortgages for Business. "Distribution of Purchase and Remortgage Lending Transactions of Buy-to-let Properties in The United Kingdom as of 4th Quarter 2019, by Property Type." Statista, Statista Inc., 18 Feb 2020, https://www.statista.com/statistics/1121139/buy-to-let-purchase-and-remortgaging-share-by-property-type-united-kingdom/
Mortgages for Business, Distribution of purchase and remortgage lending transactions of buy-to-let properties in the United Kingdom as of 4th quarter 2019, by property type Statista, https://www.statista.com/statistics/1121139/buy-to-let-purchase-and-remortgaging-share-by-property-type-united-kingdom/ (last visited February 28, 2021)