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Buy to Let bites back as landlords left languishing over punishing interest rate

Rising interest rates made it increasingly difficult for buy to let landlords to cover repayments on buy to let mortgages.

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BTL lending plunges and arrears jump in Q4: UK Finance – Mortgage Strategy

Buy-to-let lending for purchases dropped by 56% to £1.8bn in the final quarter of 2023 compared to the same period a year earlier, figures from UK Finance have shown. The trade body says this marks the lowest level of BTL activity for a decade excluding the months of the pandemic during which the housing market was

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Ten potential renters for every available property in February, says report

The average number of new applicants registered per agency branch decreased in February 2024, but a reduction in stock levels has meant that demand continues to outstrip supply, Propertymark said

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10 new prospective renters for each available property in February – report

10 new prospective renters for each available property in February – report
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United kingdomRonnell reffellNathan emersonErmir selmaniUnited kingdom finance

There were 10 new renters for every available property in February

The average number of new applicants registered per agency branch decreased in February 2024, but a reduction in stock levels has meant that demand continues to outstrip supply, Propertymark said.

United kingdomRonnell reffellNathan emersonPeter byrneErmir selmaniUnited kingdom financeArenting newsRenting latest

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