15:13 PM, 21st July 2016, About 5 years ago
Demand from potential landlords looking to invest in the private rented sector looks set to remain stable during the second half of this year, according to new research.
Buy to let still remains an attractive income investment as average returns are currently beating all other mainstream investments.
This is also despite the recent introduction of an additional 3% stamp duty surcharge for buyers or second homes and mortgage tax relief cuts.
Mortgage brokers in Scotland appear to be the most confident about the future of buy to let, with 63% predicting that the market will remain the same size this year as in 2015.
The 57% of brokers surveyed in Nottingham predict that the buy to let market will either expand of remain the same in 2015, which is followed by 49% in London.
“Despite there being numerous changes to the buy to let sector and uncertainty in the property market as a whole due to the Brexit vote, the private rented sector is showing stable performance,” said a spokesperson for Property 118’s landlord insurance provider Discount Insurance.
Opinions on the future of the buy to let market have varied significantly across the UK however, as 71% of intermediaries in Manchester believe there will be a reduction in the sector in 2016, according to the report by Legal & General.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleBreaking news! The cost of a High Court writ to rise to £66
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|