Survey to influence post Budget BTL product development

Survey to influence post Budget BTL product development

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Survey to influence post Budget BTL product development

I have been asked by some industry heavyweights to gain some intel from the BTL community on how they feel about the Budget changes that will affect property investors.  The results of the survey could assist the market by producing valuable feedback to enable new and improved mortgage products become available to address (and hopefully offset) the tax relief and expenses changes which are being implemented over the next 2 years. Survey to influence post Budget BTL mortgage product development

The survey is available to be viewed and used HERE

As prolific, and nationally recognised Broker with fantastic connections such as the Property118 community we have been selected to present this survey and your assistance will be greatly appreciated.

Many thanks in advance for your help and cooperation in this matter.

Best regards

Howard Reuben Cert PFS Cert CII (MP)



Comments

Mark Alexander

3 years ago

DONE

Can you help us to distribute the following to BTL borrowers and lenders please Howard >>> http://www.property118.com/new-landlord-tax-rules-for-new-debt-only/76750/
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Sam C

3 years ago

Reduce the interest rate and increase fee associated with the product, and introduce fee as instalments.
Fee I imagine would still be tax deductible?

Ewan Murray

3 years ago

Reply to the comment left by "Sam C" at "24/07/2015 - 11:43":

No its still a finance cost.

Mark Alexander

3 years ago

Reply to the comment left by "Sam C" at "24/07/2015 - 11:43":

I agree with Ewan, fees are a finance cost. This has been confirmed by HMRC.
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Reply to the comment left by "Mark Alexander" at "24/07/2015 - 11:26":

Thanks for publishing this Mark, and thank you to the 50+ people who have already responded!

The (anonymous) findings (including the very useful comments that people are leaving, too) will be published and presented as a credible insight report in order to show a specific audience, including lenders, banks, finance distributors and politicians, the thoughts, aspirations and yes concerns that UK property investors now face post the recent Budget.

Mark, I'm happy to distribute your info above too.

Thanks again all.

Howard

Mike W

3 years ago

Is anyone in the industry drawing up a comprehensive response? As someone who through their employment has had to move around the country frequently selling and buying a home has not been an option. Typically I have rented out my home and had to rent a property where my work was. I was during that period a 40% tax payer. Who was it that said get on yer bike to find work? Tebbit? Maggie will be turning in her grave!

Mark Alexander

3 years ago

Reply to the comment left by "Howard Reuben" at "24/07/2015 - 12:01":

50 people already ... WOW!

Thank you also for agreeing to distribute the article I linked above to your BTL clients and the 'powers that be' - much appreciated 😀
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