Following today’s press that landlords are increasingly being offered buy-to-let mortgage deals, as banks look to profit from older savers cashing in their pensions to buy property; Fran Mulhall, Regional Operations Manager for GFW Letting, urges would be landlords to speak with a knowledgeable agent or financial advisor.
According to Moneyfacts, there are now more than 1,000 buy-to-let products on the market for the first time since April 2008. The rise has been attributed to the new pension freedoms introduced in April, which allow savers unlimited access to their funds. “It is important that landlords understand the potential impact of the planned changes to tax in relation to their property investment,” says Mulhall.
For more information about this discussion you can contact Fran direct on: firstname.lastname@example.org.
Read today’s Daily Telegraph article ‘Buy-to-let boom as banks profit from savers cashing in pensions’ here: http://bit.ly/1fFOh5c