Buy-to-let is still appealing
... but don't forget the tax relief changes
Judging by the popularity of our "buy-to-let" seminar for potential buy-to-let landlords in March, it is clear that landlords around Oldham and North Manchester still have a healthy interest in buy-to-let.
It's good to know that our impression is supported by recent research by property consultancy Allsop which shows that the outlook for buy-to-let remains good. Despite a fall (to 16 %) in the percentage of landlords intending to buy property in the next 12 months, 37% of landlords anticipate rental growth over the next 6 months and 84% are making a profit from the lettings activities.
But don't forget about the tax relief changes ...
That said, 83% of landlords have struggled to obtain buy-to-let finance and it still remains to be seen what effect the changes to the tax relief regime will have.
For details of those tax changes, click here: Tax relief changes for buy-to-let landlords.
For more detail about Allsop's research, have a look at "Buy-to-let is still an attractive long-term investment".
For more information about our buy-to-let service and what we can offer landlords, contact us on 0161 684 6951 or make an enquiry.Subscribe to our newsletter
Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.
This blog was posted some time ago and its contents may now be out of date. For the latest legal position relating to these issues, get in touch with the author - or make an enquiry now.