Buy-to-Let News | Mortgage Advice at Pygott & Crone
Mortgage Advice Bureau provides specialist mortgage advice for Landlords. Our team of experts regularly write articles on Buy to Let which are posted below.
Landlords have found themselves on the end of a ‘scale of restriction’ over the past couple of months.There was the additional 3% surcharge on Stamp Duty, the cuts on landlords’ tax relief, and now the Bank of England has proposed that they should face new limits on the amount that they can borrow.
Pensions and property have often been linked together.Nearly a year after the government’s changes to pension rules saw pensioners become able to withdraw as much as they like from their pot from the age of 55; the two are still very much related, with many pensioners using lump sums to invest in buy-to-let properties.The question is – should they?
2015 has certainly been a year of change. Ireland publicly voted to legalise same-sex marriage, Sepp Blatter finally announced his resignation from FIFA and Adele resurrected her singing career with ‘Hello’.And this theme of change filtered into the financial world, too.
In the first all-Conservative budget the Chancellor, George Osborne, announced that the amount of tax relief that buy-to-let landlords can claim on the interest of their mortgage payments will be reduced.