10:27 AM, 3rd June 2016, About 10 years ago 9
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Many property investors are optimistic about the future of buy-to-let, despite the tax changes that were implemented on April 1st.
Investors remain resilient, with some planning to add to their UK property portfolios by purchasing buy to lets across the country as tenant demand continues to outstrip housing supply.
However, landlords are planning to add more complex property types to their portfolios.
Houses in Multiple Occupation (HMO) are currently attracting an increased level of attention from landlords, with 28% looking to purchase HMOs which is an increase of 18% from 10% six months ago.
“Fewer landlords looking to sell and rather, looking for alternative ways to expand their portfolios, is a positive indicator for the state of the buy to let market. This shows that a significant proportion of investors have not been deterred by the changes to stamp duty and mortgage tax relief that were announced by the Chancellor.” said a spokesperson for Property 118’s landlord insurance provider Discount Insurance.
Although the number of investors looking to add to their portfolio has dipped slightly to 41% from 46% in November 2015, this can be explained by the changes to legislation.
Only 14% of landlords surveyed said they plan to reduce the size of their portfolios which is down from 18% in November 2015.
“Landlords need to remember to protect their new investment properties as soon as possible with the right insurance cover, to avoid any additional costs that may occur in the future,” added the spokesperson.
The research by Mortgages for Business has also seen a rise in limited company applications since the mortgage tax relief announcement.
30% of respondents said they owned a property in a limited company vehicle which has increased from just 22% in 2015.
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Mandy Thomson
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Member Since November 2013 - Comments: 1130 - Articles: 2
15:53 PM, 3rd June 2016, About 10 years ago
So no doubt there’ll be even more draconian anti landlord legislation introduced until they’ve succeeded in getting rid of us…. Cynical, moi??!!
chris shaw
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Member Since April 2016 - Comments: 2
0:47 AM, 4th June 2016, About 10 years ago
Yes I agree,They must all be very rich bankers who can buy in the right places so they don”t lose,not like us who houses people Il go with the NLA are saying if you don”t want to lose your house don” t house people on benifits
Paul McCarthy
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Member Since June 2016 - Comments: 49
9:53 AM, 4th June 2016, About 10 years ago
I’m an individual investor in developers in the BTL market. I’d be interested in any developers needing cash funding or JV opportunities. Funds upto 1m available. Also provide bridging finance. Security required!!
Mark Alexander - Founder of Property118
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Member Since January 2011 - Comments: 12120 - Articles: 1363
9:55 AM, 4th June 2016, About 10 years ago
Hi Paul
For a sneak peak into our new business model please see >>> https://www.property118.com/investor-update-for-property118-portal-limited/87515/
.
Moneesha Imrit Ludhor
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Member Since June 2016 - Comments: 2
0:07 AM, 5th June 2016, About 10 years ago
Reply to the comment left by “Paul Mccarthy” at “04/06/2016 – 09:53“:
Hi Paul, I am looking for investors. Can I pleaae have your contact details. Thanks Moneesha
Carsten Lund
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Member Since August 2015 - Comments: 1
10:52 AM, 5th June 2016, About 10 years ago
Reply to the comment left by “Paul Mccarthy” at “04/06/2016 – 09:53“:
Hi Paul,
would be keen to catch up as I got several opportunities on the go at the moment. My email is [email protected]
Thanks
Carsten
Paul McCarthy
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Member Since June 2016 - Comments: 49
12:52 PM, 5th June 2016, About 10 years ago
Reply to the comment left by “Carsten Lund” at “05/06/2016 – 10:52“:
I’m on 075545 19001
Paul McCarthy
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Member Since June 2016 - Comments: 49
12:53 PM, 5th June 2016, About 10 years ago
Reply to the comment left by “Moneesha Imrit Ludhor” at “05/06/2016 – 00:07“:
I’m on 075545 19001
Stuart
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Member Since August 2013 - Comments: 18
10:10 AM, 7th July 2016, About 10 years ago
Is this the same Paul the essay writer I wonder? – https://www.google.es/search?q=075545+19001