Helping hand in the dark for struggling landlords

Helping hand in the dark for struggling landlords

In the last year the buy-to-let sector has been hit by a number of new government measures aimed at increasing the Treasury’s tax take from the sector. However, landlords may not be aware of the HM Revenue & Customs (HMRC) Let Property Campaign; a scheme that offers an amnesty to individuals who have failed to disclose income from residential rental in previous tax years. HMRC Read more…

Changes to the buy-to-let property market

Changes to the buy-to-let property market

The buy-to-let market is set to change following Chancellor George Osborne’s announcement last November that landlords would pay a three per cent Stamp Duty Land Tax (SDLT) surcharge, with effect from 1 April 2016. In addition, mortgage interest tax relief changes, due to be phased in from April 2017, will mean thousands of buy-to-let landlords will see their profits significantly reduced from next year. In addition, Read more…

Buy-to-let mortgage applications from limited companies more than double as landlords strive to beat tax hikes

Buy-to-let mortgage applications from limited companies more than double as landlords strive to beat tax hikes

The number of buy-to-let loan applications from limited companies has surged in recent months as landlords prepare for tax hikes starting in April, say mortgage brokers. The latest Buy-to-Let Index, produced by specialist broker, Mortgages for Business, found that 38 per cent of its applications by December 2015 were from limited companies, up from 15 per cent in October; the month before the changes were Read more…