Mortgages: New squeeze on landlords will hit renters too

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High mortgage costs mean landlords face a 'turning point', a firm warns, leading to fewer homes to rent.

Landlords are making their lowest profits for 16 years as interest rates rise, leading some to look to leave the sector, estate agency Savills has said.

"Following a boom period for buy-to-let landlords, 2023 marks a turning point for Britain's private rented sector," said Lucian Cook, head of residential research at Savills.

 

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