Considering Buying an Investment Property? Now May be the Right Time!

Posted on: September 20th, 2016

The start of April 2016 saw an increase in the amount of Stamp Duty Land Tax payable for additional properties.  This rise no doubt had an effect on decisions as to whether to purchase additional properties which include investment property.

However, the Daily Mail has reported a drop in the rate for buy to let mortgages, by lenders, in an attempt to coax buyers back to the market for investment properties.  The Daily Mail reports that lenders including TMW and Accord dropping their interest rates for their buy to let products. 

Click here to view the full report from the Daily Mail.

If you were put off purchasing an investment property with the news of  higher Stamp Duty rates coming into effect, this may be the welcome news you have been waiting for!

Our residential property team are experienced in handling buy to let property transactions and will take you through the process every step of the way. 

For further information on the changes to Stamp Duty Land Tax for additional properties, please click here.

Please click here for a free, instant, no obligation conveyancing quote!