The number of residential landlords buying houses to let has decreased drastically since 2015.

According to UK Finance, buy-to-let mortgages for property purchase have fallen by around 40% in the last 3 years following the introduction of several tax changes.

Residential landlords have faced increasing pressures after a 3% stamp duty land tax surcharge for additional properties took effect and mortgage interest tax relief being phased out.

A survey from Paragon of 681 landlords shows that those in London were the hardest hit, with 16% saying they had sold property in the last quarter.

However, 42% of buy-to-let landlords in the East Midlands and 33% in the West Midlands reported increasing tenant demand.

In comparison, 24% of landlords across the country as a whole said that demand was rising.

John Heron, managing director of mortgages at Paragon, said:

"These findings highlight a big regional difference in landlord experience and buying habits.

"Some central London landlords appear to be scaling back a little while landlords in the Midlands continue to invest on the back of a positive outlook."

Talk to us about your property business.

Williams Financial Planning Limited logo

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.


By submitting your details you agree to receive email marketing from Williams Financial Planning and have read and understood our Privacy Notice. You can withdraw your consent or change your preferences at any time by emailing us or by clicking the link at the bottom of every email we send you.

You have Successfully Subscribed!