Buy to Let Problems in 2023

Buy-to-let problems and how landlords are being affected massively by the changes within the property sector, including mortgage interest rates Rises as well as HMRC tax changes.

The buy-to-let market has been a popular investment choice for many years, but recent changes to mortgage interest tax relief and the introduction of the 3% surcharge on stamp duty could make it a less attractive proposition in future. In this video, we take a look at how these changes could affect landlords in 2023.

👨💻 FOLLOW THE COMPANY

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

The content of this Video does NOT constitute giving advice it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances, and your case should be fully discussed with a Professional Mortgage Broker before you apply. Niche Advice are Independent Whole of the Market Mortgage Broker dealing with different types of clients buying properties all across the UK.

Some Buy to let, and commercial mortgages are not regulated by the Financial Conduct Authority.

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No: 750263. The Financial Conduct Authority does not regulate Commercial Buy to Lets, including some Bridging Loan products.

#BuytoLetProblems #BuytoLet2023 #propertysales

[dreamkiss]

It's ridiculous, UK government doesn't want buy to let in personal names

[abmpropertyinvestments]

Put the property in the name of a ltd company! By doing this you can deduct mortgage expenses etc before tax as a business expense. Simple.

[nasirrajay]

But if you buy on limited company name so your mortgage and all expenses going to be your experience, after that you going to pay tax

[bobbyboyderecords]

Sell some of your places and pay off your mortgages? I only buy with cash, much lower way to get houses but maybe it's safer in normal intrest times. Do you think the base rate will ever go back down to around 0%?

[taggthis]

Hi, I have 60k to pay off on my mortgage for a 1 bed flat but I am planning to buy a house with my partner going halves. Shall I just try to pay off my one first mortgage so it will truly be an asset?

[assassinskillz]

This is good, don’t want landlords making money doing nothing now do we

[andrewduck]

Tough crap my heart bleeds. No wonder there's no houses for first time buyers because of the buy to let brigade