Latest research by Aldermore has found that 52% of Buy to Let landlords surveyed by YouGov expect the changes to stamp duty and tax relief for second home owners to have no real impact on the market. This was reported on the What Mortgage website in March*.
What this means for Buy to Let investors
Adam Nanson, independent mortgage advisor from Your Mortgage Expert in Salisbury comments:
“However, we have been receiving similar levels of mortgage enquiries from Buy to Let landlords as we were previously. So it comes as no surprise to me that the confidence in the market remains high.”
How Your Mortgage Expert can help
“We can help better inform Buy to Let investors by calculating what impact the impending stamp duty changes will make on the investment cost.
“We offer advice on a comprehensive range of mortgage products from across the market. And, we also have knowledge of the new products that have recently been launched by providers and the affordability calculations modifications that have been made in response to Stamp Duty changes**.”
To find out how Your Mortgage Expert can help you maximise the growth from your investment, contact Adam on 01722 322683. We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section.
The information contained within this article was correct at the time of publication. It is intended for information only and should not be used as a basis for purchasing any products. TenetLime cannot be held responsible for information that was correct at the time but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683.
Most forms of Buy to Let mortgage are not regulated by the Financial Conduct Authority.
Please be aware that from 6 April 2016 higher rates of Stamp Duty Land Tax will be applied to the purchase of additional residential and non-residential properties. For further information visit the Government website on the consultation. Please note, by clicking on the link you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Please note, by clicking on the below links, you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.