Housing crash: Landlords issued dire warning as profits plummet by 72 percent

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This is a 72 percent drop in profits, but could fall by a further £212 if landlords were charged the most recent Bank of England rate increase of 0.5 percent.

Hampton’s Aneisha Beveridge said investors looking to remortgage their property were “increasingly running out of options”.

Major lenders, including Lloyds, HSBC, Nationwide, Yorkshire Building Society, have pulled mortgage deals due to the fall of the pound on Monday.

According to MoneyFacts, the number of residential mortgages on offer by lenders fell to 3,596 on Tuesday, compared with 3,961 deals on Friday when the government announced a mini-budget.



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