Buy-to-let mortgages
Recent changes in the buy-to-let market haven’t been too favourable to landlords. With the rental tax changes in April 2017, stamp duty hike of 2016 and the scrapping of the Wear and Tear Allowance it’s not been plain sailing for landlords. But despite all that, it’s not all doom and gloom. In fact, there’s never been a better time to embark on a buy-to-let empire. Here are just some of the reasons:
1. Rental income in the UK is showing no sign of slowing down, which means there’s real money to be made by landlords. According to the Association of Residential Letting Agents, 8/10 letting agents believe rents will actually rise in 2018.
2. A lack of social housing forces those to seek private rental opportunities. This supply and demand will keep the rental market strong. A rising student population supports this too.
3. Buy-to-let mortgage rates are at an all-time low, making now a perfect time to secure a great buy-to-let mortgage deal.
The Financial Conduct Authority does not regulate some forms of Buy to Let.