More buy-to-let landlords are selling up as pressures on them mount.
Halifax said the buy-to-let sector “appears to be under some pressure” as soaring interest rates combine with looming regulatory changes to drive more landlords out of the market.
Kim Kinnaird, director of mortgages at Halifax, said: “Elevated interest rates are just one factor impacting landlords’ business models.”
The Renters (Reform) Bill is designed to deliver a better deal for those renting and intends to do away with “no-fault” evictions.
In addition, landlords face an expensive couple of years preparing for changes to energy performance certificate rules, which would require rental homes to have an EPC rating of C or above by 2025.
