Buy-to-let  

'Record' number of landlords to leave the market

Shaun Church, director at Private Finance, said the number of landlords selling up was a “trend that will continue”.

He thought there were fewer buy-to-let landlords coming into the market and that those within it will looked to move properties into limited companies.

He added: “I think the people coming out the market will be those ‘accidental landlords’. And I do think it will continue as it’s not going to get any better.

“The market has definitely fallen, for us anyway. We’re not doing very many of buy-to-let purchases at all.”

But Craig McKinlay, new business director at Kensington Mortgages, said although there had been many government imposed changes over the last few years, there was still room to be successful in the buy-to-let space.

He said: “The remortgage market remains strong and limited companies are going from strength to strength. 

“Brokers and landlords who focus on the right areas can still be successful and access some of the lowest rates ever seen.”

imogen.tew@ft.com

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