Madison Heights is a new boutique development set in the heart of South Wimbledon and in one...
Despite additional tax burdens for landlords, two thirds of landlords remain confident about their yield prospects in the year ahead.
Research from Shawbrook Bank reveals that only 14% of landlords are not confident of what the year ahead will hold for their property investments.
Brexit uncertainty and changes to the taxation of buy-to-let investments has and will continue to have an impact on landlords as they find ways to manage higher tax bills.
Recent changes include an extra 3% stamp duty surcharge when buying a second property and new standards for buy-to-let lending imposed by The Prudential Regulation Authority (PRA).
Karen Bennett, Managing Director of Commercial Mortgages at Shawbrook Bank, said: "There’s a healthy dose of uncertainty around at the moment, but the buy-to-let market is showing its resilience. Property continues to offer an excellent underlying investment vehicle for professional landlords with the right investment strategy."
Tenant demand remains strong, and if existing landlords and potential investors invest carefully and manage their finances properly, they can still enjoy good returns.
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