The Decline of the Buy-to-Let Mortgage Market Amid Rising Borrowing Costs
Monday, 22 July 2024, 11:34
Current Trends in the Buy-to-Let Mortgage Market
The buy-to-let mortgage market is facing significant challenges as interest rates continue to rise, leading to a drop in new mortgage deal approvals.
Key Statistics
- New mortgage deals decreased from 25,280 in Q4 2022 to 12,422 in Q1 2023.
- The finance landscape for buy-to-let properties is becoming increasingly competitive.
Conclusion
Investors are urged to reassess their buy-to-let strategies in light of soaring costs of borrowing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.