The tax break has temporarily cleared a financial roadblock for small-scale landlords, enabling them to take a record market share at a time when plummeting availability has pushed rental growth outside London to a five-year high.
Analysis by Hamptons International estate agents showed 50pc of landlords purchased with a mortgage in the last six months of 2020 – this is the highest share since Hamptons’ records began in 2009.
The numbers signal the end of the dominance of cash investors, whose market share fell from 58pc in 2019 to 50pc in the second half of 2020. This is a drop of 12 percentage points from the peak in 2017.
The reversal is because the stamp duty holiday announced in July has opened up the buy-to-let
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