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.
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.