{"id":146479,"date":"2024-07-22T23:19:52","date_gmt":"2024-07-22T16:19:52","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-new-uk-buy-to-let-mortgages-halves-in-just-over-a-year\/"},"modified":"2024-07-22T23:29:01","modified_gmt":"2024-07-22T16:29:01","slug":"number-of-new-uk-buy-to-let-mortgages-halves-in-just-over-a-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-new-uk-buy-to-let-mortgages-halves-in-just-over-a-year\/","title":{"rendered":"Number of new UK buy-to-let mortgages halves in just over a year"},"content":{"rendered":"


\nSector shrinks in value for first time in almost 30 years 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 banking body UK Finance underlines how 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. Meanwhile, some individuals who might previously have opted to become a landlord investor have turned their back on the sector because of tax changes that have made it less profitable. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Number of new UK buy-to-let mortgages halves in just over a year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sector shrinks in value for first time in almost 30 years as higher costs drive...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-146479","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-C6z","jetpack-related-posts":[{"id":149406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-the-bank-of-england-interest-rate-cut-mean-for-mortgages-and-savings\/","url_meta":{"origin":146479,"position":0},"title":"What does the Bank of England interest rate cut mean for mortgages and savings?","date":"February 6, 2025","format":false,"excerpt":"\r Decision will lead to lower borrowing costs for those on trackers \u2013 but fixed-rate deals will stay the sameBank cuts interest rates to 4.5% and halves UK growth forecastUnambiguously bleak forecasts pave way for spending cutsBusiness live \u2013 latest updatesThe Bank of England has cut interest rates from 4.75%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148800,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-brace-for-higher-mortgages-as-borrowing-costs-spike\/","url_meta":{"origin":146479,"position":1},"title":"UK homeowners brace for higher mortgages as borrowing costs spike","date":"January 15, 2025","format":false,"excerpt":"\r Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs.\r \r Source : cnbc.com\r Read more...UK homeowners brace for higher mortgages as borrowing costs spike","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-increase-share-of-uk-mortgages\/","url_meta":{"origin":146479,"position":2},"title":"First-time buyers increase share of UK mortgages","date":"March 14, 2017","format":false,"excerpt":"\r Total value of property loans falls amid weakness in buy-to-let market\r \r Source : ft.com\r Read more...First-time buyers increase share of UK mortgages","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61652,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-reasons-why-uk-equity-release-mortgages-will-boom\/","url_meta":{"origin":146479,"position":3},"title":"Four reasons why UK equity release mortgages will boom","date":"July 24, 2017","format":false,"excerpt":"\r Fast-growing sector could be the answer for a population facing financial pressures\r \r Source : ft.com\r Read more...Four reasons why UK equity release mortgages will boom","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-25-year-uk-mortgages-a-thing-of-the-past\/","url_meta":{"origin":146479,"position":4},"title":"Are 25-year UK mortgages a thing of the past?","date":"May 13, 2024","format":false,"excerpt":"\r Younger homebuyers are turning to ultra-long loans, prompting fears over the risk to their finances and the wider economyFor a long time the traditional length of a UK mortgage has been 25 years, but runaway house prices and, more recently, dramatically higher borrowing costs are prompting more and more\u2026","rel":"","context":"In "Property 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