Buy to let, letting agents are reporting that the number of people investing in buy-to-let is falling. Sell By Auction are selling properties for Landlords due to our many years of experience and professional industry expertise.
Changes to tax relief for residential Landlords
As mortgage tax relief will be phased out starting in April 2017, the Bank of England’s Financial Policy Committee has vested powers over the buy to let sector, setting high mortgage affordability tests.
Central London has also been hit hard, with many Landlords forced out of the market.
Add to that the extra 3% stamp duty on the purchase, along with rising service charges on flats, not to mention Landlord licensing and the new check your tenants right to be in the UK.
All in all being and becoming a Landlord is looking unappealing for most British citizens.
Selling your Buy to Let Property at Auction
Correctly priced at auction, properties sold tenanted are still finding buyers. Strong demand for vacant property (especially the ones in need of work) is attracting multiple bids at UK auctions. So now is the perfect time to sell, if you are thinking of exiting the buy to let market.
Let our professional team of experts answer all your questions and provide beneficial advice for all your property and auction related requirements, and to discuss your needs, simply call us on 0800 302 9441 or
Sell Your House by Auction Today
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