Property News · June 15, 2016

Landlord mortgages plummet by 85% after stamp duty changes


Surcharge on second homes that came into effect in April led to fewer buy-to-let loans, figures show The number of mortgages taken out by landlords buying new properties plummeted by 85% in April, following the introduction of a new stamp duty rate on second homes.Figure from the Council of Mortgage Lenders (CML) showed 4,200 buy-to-let loans were taken out for purchases during the month, worth £600m. Continue reading…

Source : theguardian.com
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