A growing number of landlords have sold up as rates on mortgages surge.
Some 25,000 homes in UK were sold by landlords between April and May, compared with 22,000 in the previous two months, according to data from Savills.
Official figures from HM Revenue & Customs – based on capital gains tax data – suggested landlords sold 153,000 properties in 2021-22, 8.5% more than originally estimated.
Savills said the data pointed to “an increase in buy-to-let landlords selling properties in the past two years, and the potential for properties to be leaving the sector”.
