Big deposits indicate state of buy-to-let market

New figures from The Mortgage Business (TMB) have found that, of its buy-to-let completions in 2001, over half (52.48 percent) of borrowers had deposits of at least 25 percent.

Bill Dudgeon, managing director of The Mortgage Business, said: "While some of the concerns are justified, we can show categorically that our borrowers are being prudent. We have been logging our figures since 1997 which gives us unrivalled inside knowledge of this market."