Mortgage Express buy-to-let figures back up CML

Mortgage Express' own figures back this up:

- Its market share on value has increased from 21% in the last half of 2002 to 25.6% in the first half of 2003. This represents an increase in Mortgage Express' market share of nearly 22%.

- Mortgage Express' market share on volume is 22.9%.

- Its average B2L loan is £114,200 - higher than the CML's stated average of £102,500.

- Mortgage quality continues to be high, and buy-to-let arrears continue to be lower than those for residential loans.

Product Development Manager Roger Hillier says: 'These new business figures prove that our strategy is right - to provide a competitive, flexible range of buy-to-let mortgages designed with the long-term property investor in mind.'