Warning on Buy to let

Cunliffe warns over buy-to-let exodusThe deputy governor of the Bank of England has warned that buy-to-let investors may crash the housing market by dumping properties as interest rates rise. Sir Jon Cunliffe said that falling house prices and higher rates “could cause a substantial number of buy-to-let landlords to seek to exit the market, put material downward pressure on house prices, ‘and’ amplify an adverse shock to the housing market”.