Buy-to-let lending has fallen by a fifth over the past year as taxes on second homes, the removal of interest relief and tougher standards for lenders drained credit from the market.
Lenders issued 5,500 buy-to-let mortgages for new purchases in March, a drop of 19.1% on a year earlier, according to UK Finance, the umbrella organisation for banks and building societies.
The value of loans fell by 20% to £800m.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
