Enquiries from investors seeking to invest in the buy-to-let market rose sharply in the final three months of 2016, new figures show,
According to the Intermediary Mortgage Lender’s Association’s (IMLA) latest Mortgage Market Tracker, buy-to-let enquiries rocketed 47% as investors looked to beat the Prudential Regulation Authority’s (PRA) tougher buy-to-let lending rules that were introduced at the start of this year.
Lenders expect overall demand for buy-to-let mortgage lending to continue into the first three months of 2017, albeit at a lower level, as a result of tighter lending conditions and the forthcoming changes to landlords’ mortgage tax relief, which are due in April.
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