The value of residential loans to individuals within the buy-to-let sector totalled £36.9 billion last year, analysis of mortgage lending data by Octane Capital has revealed.
The figure represents an 8% drop on the £40.1 billion lent in 2016, following the 2015 Autumn Statement, which, according to Octane Capital, has seen “the government wage war against landlords and a buy-to-let sector that had been largely left alone” until that point.
“It’s undeniable that the war waged on the nation’s landlords has certainly taken its toll and, in the last five years, the government’s numerous dents to profitability have stifled investor appetites somewhat,” Jonathan Samuels, chief executive at Octane Capital, said.
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