Tuesday, 12 June 2018 11:30

THE GREAT BRITISH BTL SELL OFF

According to research by ARLA, the market is experiencing a three year high of landlords selling their lettings stock!

With the additional 3% Stamp Duty charge reducing new investors to the market coupled with increased taxation for landlords when they have a mortgage on their property (known as Section 24 legislation) this has resulted in far fewer rental properties available in comparison to the number of tenants looking.

According to research by ARLA, the market is experiencing a three year high of landlords selling their lettings stock!

With the additional 3% Stamp Duty charge reducing new investors to the market coupled with increased taxation for landlords when they have a mortgage on their property (known as Section 24 legislation) this has resulted in far fewer rental properties available in comparison to the number of tenants looking.

With demand outstripping supply this will most certainly increase rents for tenants, which is certainly not what the government will want to achieve at the moment.

The research suggests that, despite the additional Stamp Duty and Section 24 legislation, those who are looking to increase their rental portfolio then NOW is a great time.

Those landlords who have buy to let mortgages can protect themselves from additional tax by using a Special Purpose Vehicle (SPV) coupled with new style Buy to Let (BTL) mortgages.

At Conran we can help you. We provide expert advice on how to secure this funding and our experienced agents can advise you on exactly what to buy to maximise both capital gain and income.

So why sell when you can continue to generate income with good professional advice? In fact, now could be a great time to further develop your BTL portfolio and an equally good time for those considering investing in their first BTL property. Just contact us – you have our details!!

 

Regards

Simon


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