Friday, January 24th, 2020
In a recent report from Perrys Chartered Accountants, approximately three out of four people surveyed indicated that despite what many viewed as a stagnant property market, the buy to let sector still represented a very real investment opportunity.**
Interestingly, of the millennials surveyed, the percentage was slightly higher with around 80% agreeing that the buy to let property market has potential with many also indicating that providing it was properly managed, a portfolio could also represent a great pension strategy.**
The survey also highlighted that Brexit and increased tax (incl. stamp duty) rates were two of the main reasons why potential buy to let investment may have cooled off recently.
As well as these challenges, landlords have also had to deal with the tightening of lending criteria, meaning that buy to let mortgages have generally become more difficult to obtain. When all the issues are factored in, it is not difficult to understand why some prospective investors have decided that buy to let opportunities are no longer for them.
There are many that believe buy to let property remains a solid investment strategy, and our experts agree. However, given that it is mostly always a long-term commitment, potential investors should gather as much information as possible and take advice from a professional buy to let mortgage adviser and tax specialist when calculating any potential return on investment.
In short, using a professional mortgage broker to source and process the mortgage in conjunction with advice from a professional accountant and tax advisor may be the best decision any landlord can make.
Here at Caboodle Finance of Sutton Coldfield, Birmingham, our buy to let mortgage advisers always take account of any personal circumstances and make professional referrals where appropriate to ensure that those considering an investment get the right advice before “taking the plunge”!
Another reason for engaging a specialist buy to let mortgage broker is to get access to products, interest rates, and loan facilities that are not readily available on the high street.
And we can help you with all that!
Call the team here at Caboodle Finance of Sutton Coldfield, Birmingham on 0121 308 9114 in complete confidence, or alternatively just complete our online form HERE and we will get in touch with you to discuss your project.
** Source – Financial Reporter 02-01-20
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Caboodle Financial Services Ltd
Mere Green House
46-48 Mere Green Road
West Midlands B75 5BT
Telephone: 0121 308 9114