Number of landlords selling up in UK grows as mortgage rates surge

Those who sold buy-to-let this year made 10,500 less than those who did so in 2022, separate data shows

A growing number of landlords have sold up as rates on mortgages surge, according to data that showed tenants facing sharply rising rents amid a squeezed housing market.

Estimates by the estate agent Savills showed that 25,000 homes in UK were sold by landlords between April and May, compared with 22,000 in the previous two months.