Buy-to-let tax reliefs still set to exceed £15bn

UK landlords are set to claim £15bn in property expenses, even after incoming government changes to tax relief are introduced, according to estate agent Ludlow Thompson. After planned changes to tax reliefs become effective in 2018 to 2019, landlords will still be able to claim approximately £6.3bn in interest rate payments made on loans used[…]

buy-to-let-properties

Could buy-to-let clampdown boost property funds?

Higher taxes for buy-to-let properties could spur aspiring lenders to consider investing in property funds instead. Buy-to-let landlords have been hit by a double whammy of tax hikes from the chancellor, leading some to predict aspiring second-home owners may look to funds for their property exposure instead. Chancellor George Osborne last month announced a 3% increase in stamp[…]

Thousands of unwanted newly built homes set to be ‘dumped on the London market’

Thousands of unwanted newly built apartments are set to be dumped on the London market from next year as fed-up investors turn their backs on the capital, research warns today. As many as 60,000 homes bought off-plan in new developments in areas such as Nine Elms are scheduled for completion by the end of 2017 and[…]

Care home rooms offered for sale to private investors on ‘buy-to-let’ basis

Private investors are being enticed to purchase rooms in UK care homes on a ‘buy-to-let’ basis with the promise of large profits and rental income, an investigation for The Independent reveals. The Bureau of Investigative Journalism has found hundreds of rooms being offered for sale for as much as £85,000 each. They offer “guaranteed” rental[…]