BTL gains ‘chokehold’ over first time buyers

According to the research from comparethemarket, the proportion of buy-to-let mortgage enquiries grew by 4.4% to 18.2% of all mortgage enquiries during 2015, while the proportion of enquiries for first-time buyers dropped by 3.7% annually to 23.5%.  Jody Baker, Head of Money for comparethemarket.com, commented “This data only reinforces the view that over the past year, families and others looking to get a foot on the housing ladder are being priced out by landlords.”

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