Buy to let landlords in UK can't get loans despite wanting to expand their property portfolios, it i

[Nicholas Wallwork]

Lack of finance is severely hampering the buy to let property market in the UK as landlords who want to expand their real estate portfolios cannot secure loans, it is claimed.

The latest figures from the Council of Mortgage lenders show that buy to let loan advances were down almost 70% in the second quarter of 2009 compared with last year. It is the seventh successive quarter of decline in the sector.

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