Economic headwinds are set to shrink purchases in the buy-to-let market by 7% next year to £9 billion, predicts UK Finance.
Leeds Building Society is the latest lender to announce reductions to its BTL mortgage products following the Bank of England’s decision to cut the base rate from 5.25% to 5%.
A leading buy-to-let mortgage expert has launched a TikTok channel to warn property investors about the dangers of ‘gurus’ who say they can make fortunes from ‘passive investments’ in property.
The average mortgaged landlord paid 37% of their rent on mortgage interest in August, up from a low of 24% in November 2021, according to Hamptons.
Barclays has been ordered to pay benefits landlord Mick Roberts compensation over a long-running saga which saw him wrongly given a bad credit rating.
Landlords looking to re-mortgage until December 2024 at a typical 6.5% rate face an alarming 52% jump in their monthly mortgage payments, according to credit ratings agency DBRS Morningstar.
