Buy-to-let properties, when managed correctly, can be a great investment and good source of income. They do bring with them several financial considerations however, and have significant tax implications, making it very important to plan carefully when considering a purchase. Whilst the potential returns on investment may be high, a poorly planned buy-to-let purchase can easily see you losing multiple thousands of pounds.
Moving home during a lock down - your questions answered
In this article, our residential property expert, Kate Skelton, answers some of the more commonly asked questions about what is and what is not possible during these times; including what to do if you have already exchanged contracts but are unable to move due to the pandemic, and who to speak to if your financial situation changes in the coming months.
Is buy-to-let no longer such a good deal?
It wasn’t all that long ago that investment in buy-to-let property was seen as a straightforward way to generate an income for yourself. However, recent changes made by the government mean that turning a profit through buy-to-let in today’s property market is set to become much more difficult. Each case is individual, and the profitability of a property isn’t as simple as looking at the price of the property and the amount of rent it generates each month, but for many, buy-to-let will soon no longer be the attractive investment opportunity it once was. So what has changed?