December wasnâ€™t the season of goodwill for property investors, according to data released by bank and building society lenders.
The Council of Mortgage Lenders reported a 10% drop in buy-to-let loans for house purchases in December compared to November.
Buy-to-let remortgage lending suffered a similar fall.
It wasnâ€™t all bad news on the BTL front with gross BTL lending up 6% in Q4 2013 on Q3.
But the drop in December indicates that gross lending may well have leapt higher if property investors were not being hampered by so many borrowing hurdles.
Restrictions in buy to let criteria, regular changing of buy to let criteria, structural survey requirements and down valuing of properties by banks continue to inhibit rather than facilitate healthy growth in the buy-to-let market.