If you’re a landlord or you want to buy a property to let out, you might be spooked by the recent doom and gloom headlines about the buy-to-let market.
Has the government really sounded the death knell for buy-to-let?
According to some newspapers, the buy-to-let bandwagon has not just stalled, it has crashed headlong into a ditch and been written off.
But do your own research and you’ll find a competitive and strong mortgage sector supporting many landlords to achieve a regular income and potential capital growth.
First, the bad news…
Let’s be clear - the government and regulators have introduced a slew of measures that make life tougher for landlords – and there’s more to come. Each represents a challenge, but it’s the combined effect that has prompted the ‘end is nigh’ headlines.
All of these measures make it more difficult for landlords to get a mortgage and make a profit, but don’t despair – there’s plenty of good news too.
The buy-to-let sector is resilient, based on strong fundamentals and supported by the most competitive mortgage rates ever available to landlords.
So, before you write off that dream of becoming a landlord, read beyond the headlines and see the whole story:
Strong fundamentals underpin the private rented sector, despite current challenges, so do your own research and take mortgage advice.
Doom and gloom headlines don’t represent the experience of many landlords up and down the UK, enjoying high rental income, strong demand and low mortgage rates.