Property News · June 23, 2017

Buy-to-let UK property sales fall by almost 50% in a year


Council of Mortgage Lenders downgrades forecasts saying landlords are withdrawing from market in response to tax changes and tighter lending rulesThe number of properties bought by landlords has almost halved in a year following a tax and regulatory clampdown, prompting a leading banking body to downgrade its forecasts for buy-to-let lending in 2017 and 2018.The Council of Mortgage Lenders said buy-to-let had had a weak start to 2017, with lending falling faster than expected as landlords withdrew from the market in response to major tax changes and tighter lending rules. Continue reading…

Source : theguardian.com
Read more…Buy-to-let UK property sales fall by almost 50% in a year

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