The Sunday Times - High rents pull landlords back into the market
A combination of high rents and tax breaks enticed landlords back to the market at the start of the year. Some 58,347 new buy-to-let mortgages were approved in the first three months of the year, a 39% increase on last year, according to UK Finance.
Aaron Strutt of Trinity Financial told The Sunday Times: "With so many people struggling to get on the property ladder and a real shortage of affordable rental in many areas, landlords are keen to benefit from the higher rents. Many of the buy-to-let mortgages are cheaper than the residential mortgages as the lenders try to stimulate the market."
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