In Q4 2024 there were 52,648 new buy-to-let loans advanced in the UK, worth £9.6bn according to mortgage lending trade body UK Finance.

This was up 39.2% by number (47.2% by value) compared with Q3 2023, whilst average gross buy-to-let rental yield for the UK in Q4 2024 was 7% compared to 6.74% in Q3 2023.

The average interest rate across all new buy-to-let loans in the UK was 5.09% in Q4 2024, down 0.13 basis points than in the previous quarter and 0.61 basis points below Q3 2023.

The number of buy to let fixed rate mortgages outstanding in Q4 2024 was 1.43 million, 4.4% up on a year previously, however the number of variable rate loans outstanding fell by 15.9% to 518,000.

There were 700 buy-to-let mortgage possessions taken in Q4 2024, which is unchanged from the previous quarter, but an increase of 29.6% on the same quarter a year previously.