“Scrap tax changes” – every residential landlord

New research from Paragon Mortgages reveals that most Buy to Let (BTL) landlords want the Government to reverse changes made to the way BTL investments are taxed. It may sound a little obvious, but the Paragon Mortgages PRS Trends report shows that landlords are aware of the changes in the way that BTL will be taxed. In the first quarter of 2017, 88% said that they fully understood the implications of tax relief changes, up from 71% six months prior. The Paragon PRS Trend report surveyed 201 residential landlords, asking what single ...

Number of landlords quitting Buy-to-Let market increases by 25%

Research from ARLA (The Association of Residential Lettings Agents) Propertymark suggests that the number of landlords quitting the Buy-to-Let sector is increasing, with a 25% rise in the last month. Changes to stamp duty and tax relief are continuing to cool the market, with a survey showing that four landlords per branch sold up in March, up from three in February. The survey, conducted by Opinium Research consisted of 331 member branches, and was carried out in April. The rise to four landlords per branch selling up is the highest number since ...

Why 2016 was Buy to Let’s annus horribilis

Which towns and cities give the best Buy to Let returns 150pxIt was 1992, some 24 years ago, that the Queen admitted in her Christmas Day speech to experiencing an ‘annus horribilis’. This year, over turkey and Christmas pudding, some Buy to Let investors may well reflect on a similar 12 months. The past year has seen three key changes, either introduced or implemented, which will significantly reduce the attractiveness of Buy to Let investing and leave many investors facing some tough decisions. What’s changing? Three key things: The first, which came into force in ...

The Buy to Let collapse

Rent, property taxes, insuranceNew figures have shown that the Buy to Let market has all but collapsed in parts of the country, as changes introduced by the government have started to bite. Over the past year, the government has increased the Stamp Duty paid by Buy to Let investors, when they purchase a property, by 3%. At the same time, measures have been introduced to cut the tax-relief landlords can claim in respect of interest payments. Finally, new rules will make it harder for many Buy to Let investors to obtain ...