Buying to let, Money, Property, Mortgages, Renting property, UK news, Business Business | The Guardian
Sector shrinks in value for first time since launch of products in 1996 as higher costs drive out investorsThe number of new UK buy-to-let mortgages granted by lenders has fallen by more than half in just over a year, while the value of the sector has shrunk for the first time in almost three decades.New data issued by the banking body UK Finance underlines that higher mortgage costs, on top of broader cost of living pressures, have taken their toll on many landlords, prompting a growing number to sell up. Continue reading…
Sector shrinks in value for first time since launch of products in 1996 as higher costs drive out investors
The number of new UK buy-to-let mortgages granted by lenders has fallen by more than half in just over a year, while the value of the sector has shrunk for the first time in almost three decades.
New data issued by the banking body UK Finance underlines that higher mortgage costs, on top of broader cost of living pressures, have taken their toll on many landlords, prompting a growing number to sell up.
