In February this year, Zephyr Homeloans approved six times the number of ‘decisions in principle’ for buy-to-let mortgages than it did during February 2021.
During the past year, we’ve also seen a four-fold increase in full mortgage applications. Overall, activity has risen considerably since the UK went into its first coronavirus pandemic lockdown on 23 March 2020.
In 2015 the announcement of a new, additional, 3% stamp duty rate for anyone buying a second home led to gloomy forecasts for the BTL industry.
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