Next year, Precise Mortgages have claimed that nearly 2 out of 5 landlords will use limited companies to buy properties. 89% of mortgage brokers questioned appear to think this trend is set to continue with limited companies still being able to claim tax relief on mortgage interest.
Furthermore, 15% of landlords of looking to ADD to their property portfolio over the next 12 months buying, on average, two new properties a year.
This flies in the face of Government’s desire to halt landlords’ impact on the housing market. Taxing landlords disproportionately as has been seen in recent times has undoubtedly affected the housing market’s growth and in many areas, seen the start of a decline which remains to be seen. However, give the lack of growth in wages, this should be viewed as quite undesirable!
Have you given any thought to re-investing in the property market? Here at WitLet, we have seen rents increase quite substantially over the course of the past 12 months and we are happy to discuss your options on a FREE, no obligation basis. We can also refer you to accountants who would be happy to discuss your options should you wish to open a limited company and invest via that and/or look to move your properties into a limited company. Call us on 01376502500 or email firstname.lastname@example.org for more information.