The number of buy-to-let landlords selling their properties is at its highest level since 2015, according to letting agents, as a “barrage of legislative changes” hit the sector.
Amateur landlords have been affected by a wave of new taxes, the removal of interest relief
and tighter lending rules over the past two years as both the government and the Bank of England attempt to dampen the appetite of homeowners to buy a rental property as an investment.
A report by Arla Propertymark, the regulatory body for letting agents with more than 9,000 members, said that the number of landlords exiting the market rose to an average of five in each letting agent branch in April, up from four in March.
