HEADLINE-grabbing warnings might mean that many landlords or those considering investing in the buy-to-let market may consider rethinking their plans.
While there has been additional financial pressure put on the rental property market, this does not mean that individuals can’t continue to benefit from well-chosen investments.
Agents like Nigel Davis Property Services, the Wellingborough-based independent letting specialists, believe there is still demand for well-maintained homes let by responsible landlords.
Carl Davis, a partner at Nigel Davis Property Services, said: “In recent months there have been increasing pressures put on buy-to-let landlords but those who are willing to take the right advice will still be able to take advantage of the opportunities in this area.”
Recent survey data from YouGov Reports suggests that buy-to-let landlords with a mortgage are fairly well informed of new tax and regulatory measures and are prepared to take steps to reduce the impact.
The government’s changes include reduced mortgage interest tax relief, new mortgage regulations and an increase in stamp duty.
Carl said: “It is understandable that some landlords may feel it is possibly less cost-effective to invest in buy-to-let properties but those taking the long-term view of their property investments with proper professional guidance will find ways of making it work.
“Understandably individuals might be nervous about making a move in to the buy-to-let sector but whatever the future holds there will always be people looking to rent good quality homes.”
The Wellingborough area has already been recognised as a popular location including commuters taking advantage of lower rents compared to prices in London and other hotspots like Cambridge, and the demand from tenants continues to comfortably outstrip the supply of available property.
“We are able to give landlords support and advice to ensure they are meeting all their responsibilities. This can not only save them time and money but real peace of mind.”
Carl said: “We are able to assist throughout the whole process from sourcing a property to purchase, right through to managing the property on an ongoing basis for the new landlord. This support gives many landlords, especially those new to the buy-to let market, the confidence to commit their finances and investments.”
For information about the full range of services provided by Nigel Davis Property Services call 01933 272292, email or visit the website at www.nigeldavislettings.co.uk
