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Buy-to-let slump after stamp duty change

Published on Wednesday 17th of May 2017 09:57:25 AM in BBC

Mortgage activity in the UK buy-to-let sector has halved since the introduction of a stamp duty surcharge, figures show.Since April 2016, anyone buying a buy-to-let property or a second home has had to pay a 3% stamp duty surcharge.Some 71,100 loans were advanced for house purchases ...

Social Trend Analysis for "Buy-to-let slump after stamp duty change"

How did this BBC news article about Business fare in social circles?
  • Total number of Likes, Shares, Tweets, Re-Tweets, Pins, Bookmarks & Stumbles :
  • Amongst social networks, this article was most active on Linkedin
  • Total shares on Linkedin : 183
  • Total Plus Ones on Google : 7
  • Social Analysis Summary

    Total Trend count
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    183 7

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    ....Competition in the mortgage market also dented profits. Nationwide is the UK’s second-largest mortgage lender and while its total mortgage lending rose 3%, its buy-to-let lending fell by 36% after last year’s move to toughen the terms on which it would lend to landlords. ...
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    Source : BBC [Read Article] Tuesday 23rd of May 2017 10:32:02 AM
    ...."Mortgage figures have nosedived following a strong first quarter, with every single region experiencing a notable slump in sales," said John Driscoll, director at Equifax Touchstone. "Government measures to cool buy-to-let property sales, including the phased cuts to mortgage interest tax relief which started on 1 April, have no doubt played a role in diminishing sales figures last month. ...

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