Landlords shy away from new purchases

Buy-to-let mortgage trends show more landlords are remortgaging their current portfolios, rather than take on the risks of buying new property. Research for Hamptons’ Best Buy Tracker found the proportion of buy-to-let mortgages for purchase had fallen by 26% over the past month. In October, the proportion of Hamptons’ mortgage book made up of buy-to-let mortgages for purchase was 43.84%, but this fell to just 18.38% in November. At the same time, the proportion of by-to-let remortgages has grown, by 6.2% to 25.41%. Hamptons’ International says the figures indicate landlords are recalc...