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Landlord news

Articles posted in March 2016

Buy-to-let snubbed in Osborne’s budget capital gains tax cut

Friday 18 March 2016

In the 2016 budget George Osborne has confirmed that the stamp duty surcharge on stamp duty for buy-to-let properties will remain and landlords will be excluded from an 8 per cent cut in capital gains tax. Article by Simple Landlords Insurance.  

Buy-to-let buying frenzy continues to spiral ahead of stamp duty surcharge

Thursday 17 March 2016

The rush to buy second homes before George Osborne's new charges come into force has spiralled, according to new statistics. With the introduction of the 3 per cent stamp duty hike now just a few weeks away, people are clambering to join the buy-to-let market according to the Council of Mortgage Lenders (CML).  

Scottish finance secretary unclear on u-turn over buy-to-let stamp duty

Sunday 13 March 2016

The Scottish Parliament has passed legislation which increases the stamp duty on buy-to-let and second homes, finance secretary John Swinney has been questioned about his next move if the buy-to-let tax policy is abandoned by George Osborne in Westminster. By Simple Landlords Insurance.    

'New' buy-to-let strategy - capital appreciation

Saturday 12 March 2016

New figures show how landlords in seven out of ten British buy-to-let towns will be £300 in debt on average by the end of the decade if the interest rate increases by 2.5 percentage points. Simple Landlords Insurance has interviewed a landlord who says he will be hit the by the combination of mortgage interest relief being cut and rising interest rates but will not be selling-up - yet.   

Three in ten over-55s will invest in buy-to-let

Wednesday 09 March 2016

A study by Prudential has found three in every ten over-55s plan to invest in buy-to-let properties in the next ten years. This news article by Simple Landlords Insurance also looks at in this new development in the wider context of George Osborne's buy-to-let tax changes. 

Commons treasury select committee slams Osborne's buy-to-let tax changes

Thursday 03 March 2016

The commons treasury select committee has heard evidence which heavily criticises Chancellor George Osborne's buy-to-let tax changes in this news article by Simple Landlords Insurance. Paul Johnson, Director of the Institute for Fiscal Studies is among the economists who say the reason house prices are so high right now is lack of suppply, not landlords.

Lloyds cuts landlord loans amidst buy-to-let bubble fears

Wednesday 02 March 2016

Lloyds Bank plans to reign in buy-to-let mortgage lending in order to protect profits after figures have revealed that up to a million owners of second homes could offload their properties by 2021, leading to plummeting house prices. But it's not all bad news, as this news article by Simple Landlords Insurance also points out. Plenty of other banks are still providing buy-to-let mortgages at very competitive rates and opposition to George Osborne's buy-to-let tax changes is strong.