Buy-to-let under pressure
Posted by: Titlesolv
Buy-to-let lenders are facing a double whammy, and as a result, will start to stress-test buyers at a higher threshold from January 2017.
Interesting times for landlords
Posted by: Titlesolv
Landlords in the buy-to-let market have faced a double-whammy. Not only did the former Chancellor of the Exchequer introduce a new stamp duty land tax surcharge on buy-to-let properties in April, but as of 2017, tax relief on mortgage interest will be phased out to be replaced with a capped tax credit. If that wasn't enough, in response to new affordability checks currently under consultation by the Bank of England, some of the UK's biggest lenders including The Mortgage Works (TWM) and Barclays raised a key affordability threshold in the spring.
Stamp Duty Land Tax (SDLT) clarity comes at a cost
Posted by: Titlesolv
The three per cent rise in stamp duty land tax (SDLT) on second homes and Buy to Let properties introduced in George Osborne?s budget have been in effect since the beginning of April. The rise in SDLT was met with dismay among market commentators at the time of the announcement due to its likely impact on the private rented sector (PRS) ? with no exemption being provided to large-scale investors.
Buy-To-Let Transformation
Posted by: Titlesolv
It's been a bumpy ride for the buy-to-let market as the government, through various measures, attempts to slow down a sector dominated by private landlords. The intention is an honourable one as it aims to ease the housing shortage while increasing home ownership. Approximately 1.4 million people in the UK are currently landlords, and many may now need to reconsider their investments as the introduction of universal credit together with other changes put increasing pressure on them.
Scottish land registration reforms bring problems as well as praise
Posted by: Titlesolv
The Land Registration Act (Scotland) 2012 came into force in Scotland in late 2014. One year on from its implementation, a number of issues have arisen about how the Act works in practice.
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