Landlords focus on acquiring new complex buy to let properties

by Jason McClean

10:27 AM, 3rd June 2016
About 3 years ago

Landlords focus on acquiring new complex buy to let properties

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Landlords focus on acquiring new complex buy to let properties

Many property investors are optimistic about the future of buy-to-let, despite the tax changes that were implemented on April 1st.rubic

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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Comments

Mandy Thomson

15:53 PM, 3rd June 2016
About 3 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

0:47 AM, 4th June 2016
About 3 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

9:53 AM, 4th June 2016
About 3 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

9:55 AM, 4th June 2016
About 3 years ago

Hi Paul

For a sneak peak into our new business model please see >>> http://www.property118.com/investor-update-for-property118-portal-limited/87515/
.

Moneesha Imrit Ludhor

0:07 AM, 5th June 2016
About 3 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

10:52 AM, 5th June 2016
About 3 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 carsten.lund@trunklife.co

Thanks

Carsten

Paul McCarthy

12:52 PM, 5th June 2016
About 3 years ago

Reply to the comment left by "Carsten Lund" at "05/06/2016 - 10:52":

I'm on 075545 19001

Paul McCarthy

12:53 PM, 5th June 2016
About 3 years ago

Reply to the comment left by "Moneesha Imrit Ludhor" at "05/06/2016 - 00:07":

I'm on 075545 19001

Stuart

10:10 AM, 7th July 2016
About 2 years ago

Is this the same Paul the essay writer I wonder? - https://www.google.es/search?q=075545+19001


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