Phoebus comment on UK Finance buy-to-let lending figures today

22 January 2025

Richard Pike, chief of sales and marketing at Phoebus Software, said:

“While Q3 figures aren’t as strong as Q2, which saw a surge of 26% in buy-to-let business compared to Q3’s 6.5% rise, this still shows a strong, confident BTL market.”

“In December, UK Finance's annual BTL report predicted a 7% drop in mortgage lending for buy-to-let purchases in 2025 compared to 2024, which was mainly due to the latest in a string of tax and regulatory blows dealt to landlords over recent years – this time on stamp duty in the Autumn Budget.

“However, if all goes according to market predictions, interest rates and mortgage rates should drop in 2025, which should encourage many landlords - particularly professional portfolio landlords - to maintain hold of their properties. Despite recent challenges, the buy-to-let market is still a high yield investment.”