According to Promise, the 15 minute consultation will help landlords to navigate the changing market as a result of the government’s cuts to landlord tax relief.
From April 6th a new tax system will be phased in for landlords with the amount of tax relief they can claim on a residential property set to be capped at the basic rate of tax, regardless of what tax band the landlord is in.
Brokers will be able to offer a free consultation to their investment or buy-to-let clients who are purchasing or remortgaging.
Steve Walker, managing director of Promise says: “Landlords will be looking for advice and guidance on tax matters over the next few months and while brokers will no doubt want to be of service they know there are risks involved if they stray into giving tax advice when they are not qualified to do so.
We hope this free service will be sufficient to answer client’s questions so brokers can recommend a mortgage without getting drawn into giving tax advice.”
