Buy-to-Let Mortgage Numbers Plunge
The number of buy-to-let mortgages taken out in November plunged nearly 26pc last month.The proportion of mortgages taken out in order to purchase buy-to-let properties fell back to 18% during November, down from 44% in the same period last year
Jonathan Cornell, managing director of Hamptons Mortgages, said: "Amateur landlords will have suffered the most and many may have held off from purchasing new properties - presumably in the hope that the market will begin to calm."
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