UK buy-to-let landlords are at risk to booms and busts that could magnify a housing market crash the Financial Policy Committee warns.
Read More
Category Archives: Buy-to-let
Mortgage lending by value to first time buyers increased 24% over the month following a poor first half of the year, says CML.
Buy-to-let landlords will be restricted to only four properties and a lower £2 million maximum portfolio size.
The booming buy-to-let market and ease investors can secure mortgage loans could undermine the UK economy when interest rates rise.
Data from the Nationwide building society show a slight fall in house prices in May while cash buyers represent four out of ten purchases.
The number of mortgages approved in April increased 9.9%, the highest monthly rise for six years according to the Bank of England.
Tax breaks add £14 billion to landlord buy-to-let income boosting the sector while first time buyers are priced out of the market.
The value of landlord property near the £1 trillion level with income of £112 billion as the buy-to-let sector continues to grow.
Data from the Halifax shows UK house prices increased by 1.6% last month and by 8.5% over the last year.
New pension freedoms have increased the number of buy-to-let mortgages reducing the cost with new cheap deals.