During the Noughties, landlords ploughed into property in the hope they could sit back, collect rent and watch house prices soar.

But today, a deluge of taxes and an uncertain market has seen tens of thousands abandon the buy-to-let industry.

The number of new landlords getting mortgages has plummeted by 60 per cent in the past decade, our analysis reveals.

When buy-to-let was at its peak in 2007, around 183,000 mortgages were approved to landlords looking to invest in new properties each year, according to the trade body UK Finance.

New figures suggest the number of buy-to-let mortgages given out in 2018 plunged below 70,000.

 

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