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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Landlords in Yorkshire abandon buy-to-let market over high interest rates

‘To let’ signs on a residential street
The market for mid- to lower-priced homes has slowed, with volumes and values down. Photograph: Anadolu Agency/Getty Images

After years of witnessing landlords piling into the Yorkshire buy-to-let market, Bruce Collinson’s estate agency has seen an exodus of late.

What was once a lucrative investment for those with spare funds has become a headache as higher borrowing costs due to rising interest rates have added to a long list of pressures – from the withdrawal of mortgage interest tax relief to the reduction in capital gains tax allowance in recent years.

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