Buy to let news
New CGT rate could help generate extra interest in buy to let
A new single rate of 18 percent Capital Gains Tax for buy to let investors and second home owners will be introduced on 6 April 6 2008, benefiting individuals, trustees and personal representatives. The current rate is 40 percent for higher rate tax payers who have owned their property for less than three years. Even [...]
Buy to let investors have seen increases in their returns
Buy to let investors have seen increases in their returns during the first quarter of 2008 thanks to the demand for rented accommodation from immigrants, according to the quarterly ARLA Review and Index published today, March 31. The average return on a geared (mortgaged) investment is 21.7%, up 0.27%, and returns on cash purchases average [...]
The buy to let market is thriving, but too risky for most newcomers
Ten years ago, twins Matthew and Peter Jones were both plain-clothes policemen who dabbled in buy-to-let. Today, they are professional investors with a portfolio of 25 homes worth £10m and enough confidence in the property market to launch their own firm of estate agents and buying agents last year. You will find their offices in [...]
Rental yields warm up as property values cool down
Average rents in the private rented sector have risen by an average of 4 percent for houses and 2 percent for flats in the three months to the end of February. These averages have been boosted by a 9 percent rise in Prime Central London and a 5 percent rise away from the South East. [...]
Number of buy to let loans exceeds first time buyer activity for the first time
The number of mortgages issued to buy to let investors has overtaken those issued to first-time buyers for the first time since records began. The figures have reignited the debate about the impact the booming buy to let market has had on affordable housing across England. In the last quarter of 2007 81,100 loans were [...]
