Delivering specialist advice in a complex buy-to-let market
The buy-to-let market, much like the mortgage market as a whole, is constantly evolving. According to the criteria search system Knowledge Bank, ‘lending to limited companies’ and ‘first-time landlords’ are among the most searched phrases, something unthinkable several years ago. What happened was that taxation changes have made it so a limited company is the way for a landlord to secure full relief. From an advisory perspective, this requires adaptation in order to deliver specialist advice. This isn’t only about being able to give expert advice, but also about future-proofing your records to show clients why a recommendation was made.
- The mortgage market in general and specifically the buy-to-let space, is always evolving.
- According to Knowledge Bank, there have been close to 30,000 changes made to mortgage lending regulations in 2019 alone.
- This evolution has been driven by taxation modifications specifically around landlords’ mortgage interest relief.
“landlords are unwilling to purchase properties in individual names because the relief available is so low”