Gladfish Corporate News

What property investors want to know but are afraid to ask

[fa icon="calendar'] 23-May-2016 13:34:48 / by Brett Alegre-Wood

“The best property investors aren’t born, they’re made.”

That’s one of the first things one of my mentors drilled into me. What he really meant was that I needed to learn about the market, how to spot a good property investment, and the red flags that would stop me from sinking my hard earned cash into the Money Pit (still one of my favourite films!)

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Buy-to-let property investors will face new affordability tests, Bank of England decides.

[fa icon="calendar'] 30-Mar-2016 10:03:43 / by Brett Alegre-Wood

Don't be put off by the fear mongering, most investors will be unaffected.

In the continuance of the full blown battle against small landlords and property investors the Bank and England has released guidance for lenders of buy-to-let mortgages.

So instead of taking the rental into account they should now look at the actual costs of the investment and the individual investors situation including taxation on the property.

It’s said that if adopted, the new rules could reduce lending to landlords by up to 20% over the next three years.

However I am not so sure?
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