Buy to Let in Media - Nova

Buy to Let in Media

Paul Mahoney:

Hi. I’m Paul Mahoney, Managing Director at Nova Financial. As many of you know, we’re a privately owned independent property and finance advisory company. I’m going to talk to you about the way that Buy-to-let is being perceived in the media.

There’s been a lot of negative media around Buy-to-let. I’m sure you’ve probably read that Buy-to-let is dead and it’s something that’s pretty common with journalists at the moment. Given the recent change with regards to mortgage interest being tax deductible, the stamp duty premiums, and most recently the way that lenders look at mortgage service ability.

What we’re finding in the market at the moment is that that’s causing a major shift away from high value low yield assets being predominately London and the southeast, toward lower value high yielding assets. I’d say the main beneficiary of that is cities like Manchester and Liverpool where yields are much higher, values lower, which really mitigates the negative impacts of those three changes because if you’re getting a high yield a little bit of extra tax doesn’t hurt you as much. If you’re buying at a lower value, well the stamp duty premium doesn’t hurt you anywhere near as much. If you’re getting high yield the service ability doesn’t affect you.

That’s three ways of mitigating or even avoiding the effects of all of these changes and still making a profitable investment into Buy-to-let property. Thanks for listening and if you have any questions or would like to find out how we might be able to help you invest in property profitably, please feel free to get in touch.

 

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