• Commercial Mortgages
  • Buy-To-Let Mortgages
  • Bridging Finance
  • Developments
  • Secured Loans
  • About Us
    • Introduction Only Service
    • Literature Library
  • Contact

Call us 0118 3140580

info@commercialmortgagedesk.com
Commercial Mortgage Desk Commercial Mortgage Desk
  • Commercial Mortgages
  • Buy-To-Let Mortgages
  • Bridging Finance
  • Developments
  • Secured Loans
  • About Us
    • Introduction Only Service
    • Literature Library
  • Contact

What now for Buy to Let investors?

What now for Buy to Let investors?

What now for Buy to Let investors?

29th January 2017 Posted by Loman ONeil Buy To let

Things are looking bleak for buy to let investors but there are other markets that can help fill the gap.

Since the changes brought in by the government last year which included abolishing tax relief on mortgage interest and the additional stamp duty charges things have looked a little bleak for many investors.  However all is not lost, over the last six months of 2016 CMD have seen a significant rise in the Out of Area Investor (OAI).

These are individuals who have made a strategic decision to no longer invest in the south of England were they live but to invest in key areas on the north, such as Liverpool, Newcastle and Leeds. James Hanrahan of CMD placement team has been working with a number of individuals who have made the move. “I have seen landlords get incredible returns on their investment in the north. For example, we had a client who bought a 3 bedroomed house in Liverpool near a hospital.  The purchase price was £60,000 and he achieved a monthly rental income of £600.  His initial outlay was only £15000 deposit and stamp duty of £1800 plus lenders costs. The purchase was via a limited company. This client has moved on to purchase eight additional properties in the same location.” 

CMD have been able to secure this type of investment for a number of OAI’s since the recent changes and have lenders willing to work with this type of investor provided they have experience in the sector plus a good local letting agent.

There will be those that say that the equity growth will not be there for the OAI investor. However, who’s to say that with the movement of the OAI to the north an increase in value won’t follow after all there are those who blame/thank the buy to let investor for the increase in property value in the south.

1
Share
Avatar

About Loman ONeil

This author hasn't written their bio yet.
Loman ONeil has contributed 1 entries to our website, so far.View entries by Loman ONeil

Latest News

  • What now for Buy to Let investors?
    What now for Buy to Let investors? Things are looking bleak for buy to let investors but...
    Read More

Contact Us

We're currently offline. Send us an email and we'll get back to you, asap.

Send Message
Commerical Mortgage Desk - Making Commercial Finance Simple Get In Touch!

© 2023 · Commercial Mortgage Desk Limited. Lismore House, 28b Wilton Road, Reading, Berkshire, RG30 2SS. Commercial Mortgage Desk Financial Conduct Authority Interim Permission number 559026. Commercial and some buy to let mortgages are not regulated by the Financial Conduct Authority. Commercial Mortgage Desk are regulated by the FCA, 725154. Not all financial transactions are covered by the FCA. The information contained within this website is for professionals intermediaries and financial advisors only. Think carefully before entering into a financial commitment.

  • Home
  • About
  • Contact
  • News
  • Privacy Policy
  • Terms of Use