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Boom time for buy-to-let loans

The buy-to-let loan market is "blooming", with 100 more deals on offer than a year ago and lower typical interest rates, research has found.

There are 486 buy-to-let mortgage deals on the market, up from 386 last February, website Moneyfacts said. The average buy-to-let loan rate has fallen from 5% this time last year to 4.79%.