Tag: mortgages


13

Aug 2021

BTL gross mortgage lending falls by 12% in 2020 under the impact of COVID-19

Buy to let mortgage market under COVID-19 The IRN Research Report Targeting Buy-to-Let Landlords 2021 found that gross BLT mortgage lending declined by almost 12% in 2020. Recent legislative and tax changes have had a negative impact on the BTL market from 2016 onwards and these negative forces were compounded in 2020 by the COVID-19 pandemic. However, the market is expected to see a recovery...

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14

Jul 2021

Gross mortgage lending to FTBs falls by 7% in 2020

Number of new mortgages taken our down by almost 13% COVID-19 has had a major impact on the market in 2020/21, deterring some FTBs from buying a home but also leading the Government to introduce a Stamp Duty holiday, which encouraged strong buying demand ahead of the ending of the holiday. In 2020, IRN Research estimates that first time home buyers (FTBs) borrowed 7.2% less...

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