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Initial effect of Stamp Duty Land Tax change on BTL

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The change in stamp duty had been mentioned in a previous thread (might have been one regarding someone selling a house, not sure), anyway, 1 month after the change.

 

Buy-to-let lending drops 86% in April

Loans handed out to investors plummeted after the Stamp Duty hike on the purchase of additional property kicked in on April 1.

 

This is likely to recover somewhat I'd suggest though, as any potential BTL that could be brought forward to March was, so we can expect to see this recover a bit over the next few months.

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