Buy-to-let (BTL) mortgage searches have dropped to their lowest share since January 2020, according to new figures from leading adviser tech provider Twenty7tec. In April, BTL searches accounted for just 14.74% of total mortgage activity, with the £150k–£250k property band seeing a particularly steep decline of over 24% from March 2025.
This downturn coincides with significant shifts in the rental landscape. The upcoming Renters’ Rights Bill, set to become law by summer 2025, aims to abolish ‘no-fault’ evictions, introduce open-ended tenancies, and limit rent increases to once per year at market rate. While these reforms are designed to enhance tenant protections, they have raised concerns among landlords about increased regulation and reduced control over their properties.
Nathan Reilly, Director at Twenty7tec, commented:
“April’s data reflects a market in transition. The sharp drop in BTL searches suggests that landlords are re-evaluating their positions in light of upcoming legislative changes and ongoing affordability pressures. At the same time, we’re seeing sustained interest from first-time buyers and a shift towards shorter-term fixed deals, indicating a broader rebalancing in the market.”
The rental market itself continues to experience significant changes. According to Zoopla’s latest rental market report, average UK rents have reached record highs, with London leading the surge. This has intensified the debate around affordability and the sustainability of current rental trends.
Reilly added:
“The combination of rising rents, legislative reforms, and economic uncertainty is creating a complex environment for landlords and investors. It’s crucial for advisers and lenders to stay informed and adaptable as these dynamics continue to evolve.”
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