The race is on to beat buy-to-let stamp duty increases.
With less than a month to go to beat the 3% stamp duty rise and increased buy to let mortgage regulation, the race is on for investors to purchase rental property before the deadline.
Buy to let has done a huge amount for the growth of the property market over the last couple of years. Investment property purchases are up which has kept prices high. However with increased regulation and an extra 3% in stamp duty applicable after March, the tide may be turning for buy to let. The advice is therefore to act without delay.
Those who are committed to remaining in the market, may need to look at the option of setting up a limited company to ensure their investments remain profitable. This is something that more and more landlords are doing, as revealed by the rise in demand for limited company mortgages.
If this is a route you are considering, then you will need to review the options available for limited company mortgages. If you would like to discuss mortgage products and would like advice as to your mortgage options call us at Deal Direct.
We are a ‘whole of market’ broker with vast experience in the buy to let market. We can advise you as to the best products to meet your rental property needs.
We are fully qualified and regulated by the FCA to offer impartial and independent mortgage advice, however we cannot offer financial advice.
If you need advice as to property as an investment or whether setting up a limited company for your property portfolio is the right move, you will need to speak to an independent financial adviser.
- Please note that not all buy to let mortgages are regulated by the FCA.