20
May
Landlords 'getting mortgage finance more easily'
Landlords in the UK are finding it easier to secure mortgage
finance now than they have done over the last few years.
This is according to Chris Horne, editor at Property Hawk, who said
that in terms of getting new finance, buy-to-let investors are in
an "improving position."
He added: "Generally, with the stabilisation of the housing market,
landlords are feeling reasonably confident."
His comments follow the release of research conducted by the
National Landlords Association, which showed that 57 per cent of
such property owners recently polled believed the next three months
will be positive for their businesses.
However, Mr Horne went on to note that the government's pledge to
raise capital gains tax may deter new landlords from entering the
market.
"I think it may well put off some new investors because they will
see the potential headline tax rate and perhaps not realise that
there are ways of reducing your tax burden when you sell."
