Extract from The Telegraph - 8 May 2019
The buy-to-let market is drying up as Government tax changes make the sector increasingly unattractive.
Data from UK Finance, the trade body, shows that just 4,800 new home purchase mortgages were completed by landlords in February, 7.7pc lower than a year ago and even further away from the glory days of the sector.
As previously reported by Telegraph Money, landlords could face an effective tax rate of more than 100pc when new tax rules fully take effect in April 2020.
This is because landlords will no longer be able to offset their mortgage interest before tax is calculated. Instead they will receive a 20pc credit, regardless of tax band.
If interest rates rates rise this is likely to push...