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Mortgage Enquiries
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Landlord Portfolios


Overview

The that the buy to let market has been through a tough time in recent years. From the Stamp Duty surcharge to increased scrutiny and, in some cases, regulation, landlords have clearly had a lot to deal with. Undoubtedly though, the biggest challenge the sector has had to overcome has been the changes to landlord tax relief.

Previously a landlord in the higher tax band would receive relief on his buy to let mortgage interest payments at his highest rate of tax so either 40%, or 45%. However, following the biggest shake up to buy to let in its history, this will now be reduced to basic rate relief of 20% by 2020. As a result many of you will see a sizeable increase in your taxable profits and, at the same time, a massive reduction in real profit retained in the business.

This may be further exacerbated by the removal of wear and tear allowances taking effect from 2016/ 17. Understandably a number of landlords are considering moving their properties into a limited company or special purpose vehicle.

Many landlords believe that tax considerations are still an issue but in many cases incorporating your portfolio could outweigh not doing so and we will take a look at your entire portfolio and offer the best advise for you understand how to move forwards.
Mortgages London
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For free friendly advice call us on 0207 117 2553 / 07770 734122

First Time Buyer?

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Equity Release

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Critical Illness Protection

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