Buy-to-let loan size by property type UK 2022

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 second quarter of 2012, multi-unit freehold blocks (MUFB) saw the second-highest average loan size at over 553,000 British pounds. Nevertheless, this was a decrease from the third quarter in 2021, when the average loan size for this property type was close to 536,000 British pounds.

Average loan size of buy-to-let properties in the United Kingdom in 3rd quarter 2021 and 2nd quarter 2022, by property type (in GBP)

Characteristic	Q3 2021	Q2 2022
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Release date

October 2022

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Region

United Kingdom

Survey time period

Q3 2021 and Q2 2022

Supplementary notes

The source adds the following information: "A house in multiple occupation (HMO) is a property that is rented out by at least 3 people who are not from 1 ‘household’ (for example a family), but share facilities such as the bathroom and kitchen.

Multi-unit freehold blocks (MUFB) This is a single building with multiple, separate, independent residential units owned under a single freehold title. Examples include purpose-built blocks of flats or Victorian/Edwardian houses converted into flats.

Semi-commercial property, also known as mixed use investments, as both names suggest these properties are made up of part commercial and part residential elements, typically shops or offices with flat above.

Vanilla buy-to-let - these are standard buy to let transactions. Properties in this category tend to be normal 2-3 bed houses and 1-2 flats. Both borrowers and properties fit the general lending criteria for off-the-shelf products offered by the mainstream buy to let lenders."

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