Quarter of summer property sales revealed to be additional homes

The buy-to-let property market has outperformed industry predictions following the tax changes in April, according to the latest figures from HMRC.

Scott Hendry
10th November 2016
Scott Hendry

In great news for the industry, despite the hike in stamp duty in April, a quarter of all properties bought between July and September were either a buy-to-let or an additional home.

Not only has the buy-to-let market held up against the tax changes, but it has also defied Brexit fears, with property portal Rightmove revealing that enquiries on its website from would-be investors rose by 30 per cent between June and September.
 
It does appear, however, that the changes have led some  investors to adapt their business models, and this could impact consumers with some estate agents estimating that rental prices could soar by as much as a fifth over the next five years.

This news comes at the same time as we have announced a raft of changes to our buy-to-let offering, to help ensure property professionals and landlords have access to the funding they need. We’ve introduced a new five-year fixed buy-to-let mortgage to give investors the certainty that their payments won’t change, as well as having lowered our rates on first charge buy-to-let products, to help investors with their affordability calculations as they adapt to the new tax implications.

In great news for the industry, despite the hike in stamp duty in April, a quarter of all properties bought between July and September were either a buy-to-let or an additional home.

Not only has the buy-to-let market held up against the tax changes, but it has also defied Brexit fears, with property portal Rightmove revealing that enquiries on its website from would-be investors rose by 30 per cent between June and September.
 
It does appear, however, that the changes have led some  investors to adapt their business models, and this could impact consumers with some estate agents estimating that rental prices could soar by as much as a fifth over the next five years.

This news comes at the same time as we have announced a raft of changes to our buy-to-let offering, to help ensure property professionals and landlords have access to the funding they need. We’ve introduced a new five-year fixed buy-to-let mortgage to give investors the certainty that their payments won’t change, as well as having lowered our rates on first charge buy-to-let products, to help investors with their affordability calculations as they adapt to the new tax implications.

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