TMW has issued its Buy-to-Let Barometer for Q2 2016, which reveals that landlords’ confidence appears to be stabilising.
It also indicates that:
- 43% see the Brexit vote as negative for the private rental sector.
- 61% believe that last year’s Budget will decrease their profitability.
- 35% think Brexit will be detrimental to their own lettings prospects.
- 16% are likely to sell property in the next 12 months – double 12-months ago.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Whilst MortgageAbility does not charge for mortgage advice, please note that there will be an administration fee for arranging mortgages. The precise amount will depend upon your circumstances but we estimate it will be £395, payable on completion. MortgageAbility gives you the option to pay a non-refundable fee of 1% of the mortgage loan payable with the application. If this option is taken, MortgageAbility will refund any commission received from the lender.