Property News · September 21, 2023

Landlords in Yorkshire abandon buy-to-let market over high interest rates


What was once a lucrative investment for those with spare funds has become a headache amid higher borrowing costsBusiness live – latest updatesAfter years of witnessing landlords piling into the Yorkshire buy-to-let market, Bruce Collinson’s estate agency has seen an exodus of late.What was once a lucrative investment for those with spare funds has become a headache as higher borrowing costs due to rising interest rates have added to a long list of pressures – from the withdrawal of mortgage interest tax relief to the reduction in capital gains tax allowance in recent years. Continue reading…

Source : theguardian.com
Read more…Landlords in Yorkshire abandon buy-to-let market over high interest rates

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