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Mortgage options slashed for buy-to-let landlords

Buy-to-let landlords are under pressure as the number of mortgage deals available to them is cut in half.

The number of new buy-to-let mortgage deals available has plummeted by 55% in less than a week as lenders frantically pulled products and in many cases increased prices.

Data from Moneyfacts also showed that, at 4.87%, the average new two-year buy-to-let fixed rate on offer on Thursday was 68% pricier than the equivalent deal in December.

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