Buy-to-let mortgages pulled at fastest rate since 2009 – The Week UK

Buy-to-let mortgage offers have been pulled from the market at the fastest rate since 2009, with the number of available buy-to-let mortgages falling from 1,482 to 1,408.

Loans for those with 25% deposits have been hit hardest, falling more than 10%.

These cuts are due to new Bank of England affordability test rules, meaning that rents must now make up £140 for every £100 of mortgage interest.

Further changes in April could leave Landlords paying hefty taxes despite making a loss. However, many argue the reforms level the playing field for hard-pressed first-time buyers.

Buy-to-let mortgages pulled at fastest rate since 2009 – The Week UK

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