6^th Jan 2017

There have been many damning news pieces on the Government's all out war against landlords over the last year. Its actions has undoubtedly caused reductions in new buy-to-let mortgages that are being applied for. There is the usual 'doom and gloom' that many existing and potential investors in the private renting sector are leaving or are no longer considering entering into.

Paul Smith CEO of an estate agents says: “The buy-to-let market has been severely stung by the government’s war on landlords.

“In some parts of the country, especially London, a buy-to-let property no longer makes the same return it once did.”

Rents will be increased by many landlords to compensate for their losses that the government has imposed, but Smith believes that many landlords who are operating on low profit margins may turn their attentions to the North instead of London and the South East, where yields are much higher.

Smith added: “Investors will naturally gravitate north where values are cheaper and yields are higher - you can pick up a small portfolio of two bedroom terrace properties in Doncaster for the same price as a one bedroom flat in a new build London development."


News Archive »