Comment from John Goodall, CEO of specialist buy-to-let lender, Landbay on the latest housing transaction figures from HMRC

“The market both in buy-to-let and in residential is much more buoyant than any of us expected back in May. September has bounced back strongly and is now exceeding the strong levels of demand that we saw at the start of the year. We are seeing many landlords anticipating an increase in rental demand as it gets harder for people to get on the property ladder due to increasing unemployment and the reduction in high LTV mortgages. I expect this rise in numbers to continue into early 2021 as people rush to take advantage of the stamp duty holiday.”

Published: 21 October 2020