Landlords should be spared any new tax and regulation changes after a “weak start” to 2017 for the UK buy-to-let sector, lenders say.
Buy-to-let investors have had to deal with a stamp duty surcharge, tax relief changes and stricter affordability checks.
The Council of Mortgage Lenders (CML) said an expected recovery in lending to the sector had failed to materialise.
The impact of these changes should be assessed before any new policies were designed, it said.
However, the changes have started to rebalance a housing market that had been skewed in favour of buy-to-let investors and had blocked young people from getting on the housing ladder.
If you would like more information on the above article or advice on mortgages in general, please contact us >>