The majority of landlords are making a profit from their BTL portfolios despite the Government’s tax hikes, but BTL investment is at an all-time low, according to research from Armistead Property.
However, 83% of landlords have found obtaining buy to-let finance more difficult in the past six months and just 16% of landlords intend to purchase at least one more property in the next 12 months – an all-time low.
According to Armistead Property, tighter Bank of England lending rules combines with rising taxation on rental income, has made the BTL market far less financially attractive than it was two to three years ago.
Read the entire article in the Property Reporter.
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