The number of Buy to Let Mortgages being arranged has fallen by nearly a fifth this year according to UK Finance ( a trade association for the UK banking and financial services sector).
In its report on a ‘softening’ mortgage market i.e. slowing down, it suggests that just 5,200 new buy-to-let home purchase mortgages completed in the September compared to September 2017. That’s 18.8% lower than the same time last year.
In addition:
Conclusion
People that own property are holding on to it but the additional stamp duty, capital gains taxes and income taxes are discouraging more new buy to let investment.