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.
“I think there are more and more risks mounting for landlords,” said Aneisha Beveridge, head of research at estate agent Hamptons.
