Posted on 13-Aug-2019

The Mortgage Bureau

Landlords call for U-turns on tax relief and stamp duty to ‘stimulate’ sector

A majority of landlords believe future government U-turns on the increase in stamp duty payable on additional property and on the phased-in cuts to mortgage interest tax relief, could provide a "significant stimulus" to both the buy-to-let and private rental sectors.

Research undertaken by market researcher BVA BDRC carried out in June 2019, found that 51 per cent of the 738 landlords asked said both measures needed to be addressed in order to help build greater confidence in the sector.

Some 22 per cent said ‘Remaining in the EU’ would give the biggest boost, while conversely 14 per cent said securing the UK’s withdrawal from the EU would help most.

Landlords were also asked whether, in the current market conditions, they would be choosing now to make their first investment in property. Four in 10 said they would still be willing to invest as buy to let remained a "good long-term investment", provided better returns than other types of investments and they still believed property could deliver capital growth.

The Mortgage Bureau keeps its finger on the pulse and is in a good position to offer advice to landlords and aspiring landlords.

"Your One Stop Mortgage Shop!"
Contact Us
Message sent. We'll get back to you soon.