The first signs that the buy-to-let boom could be coming
to an end have emerged in figures from the Nationwide building society, which
showed that lending to landlords went into the reverse over the past six
months. Nationwide’s buy-to-let subsidiary, the Mortgage Works, lent £2.8bn in
the six months to September 2016, down from £2.9bn in the same period a year
earlier. The lender cited new affordability tests brought in ahead of changes
to tax relief from April next year, which have made it more difficult for
potential landlords to snap up properties. Read more on the Guardian website.
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