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Thursday, February 25, 2016

Potentail BTL investors put off by tax changes

Online investment platform, Rplan claim that potential BTL investors have been put off by April's looming stamp duty changes on second homes and the changes to tax relief for landlords. 

Stuart Dyer from Rplan comments - 

'The British have strong faith in property as an investment and many see it as a means of providing a pension income. But the government clearly has a policy to dis-incentivise BTL and the sharp increase in landlord mortgages revealed by the Bank of England credit survey will probably be a last rush before the gate slams shut,’

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