Rising SDLT bills are having a ‘limited’ effect on landlord purchases

Today's home buyers 'lack the same opportunity to build wealth through housing' as previous generations, says Rathbones.

“The tax changes introduced from 2016 onwards have undoubtedly taken the heat out of the buy-to-let market," argues Hamptons' research chief Aneisha Beveridge.

'Almost overnight, the market tilted away from investors,' says Hamptons, 'meaning far fewer homes have been added to the rented sector' in the last decade.