Buy-to-let takes a tumble as tax hikes and tougher mortgage rules hit landlords hard, figures show



Investors are shunning buy-to-let as tax hikes and tougher mortgage rules squeeze landlords' returns, new figures suggest.
There were just 5,500 new buy-to-let home purchase mortgages completed in March, some 19 per cent fewer than in the same month last year, according to trade body UK Finance.
The association said the big drop is mostly down to a number of recent tax and regulatory changes, including the limiting of landlords’ mortgage interest tax relief, the introduction of a 3 per cent stamp duty surcharge, and tighter lending requirements introduced by the Bank of England.
While some... read more

 
16 May 2018 in Business, Views: 49
Source: Daily Mail
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