Ticking time bomb for landlords

Estate Agency Maskells are predicting a mass sell-off of BTL property by investors during 2018/19.

Maskells Principal, Charles Curran’s believes new policy & regulatory changes alongside mortgage lending and tax changes, will push landlords into selling up. 

Charles Curran predicts a rush of BTL property to hit the sales market between April 2018/2019 due to the first & second tranches of removal of interest rate relief coinciding with rising interest rates caused by the increase in capital charges for banks under Basel III.

As concern grows, Curran predicts BTL transaction volumes to slow in March 2017, causing a jump in rents in 2018-2019 as the supply in the rental market dries up and fails to meet ever increasing demand.

Charles Curran, Principal at Maskells Estate Agents, comments: 

“The BTL market has provided so much of the rental stock the country depends on, but the government’s tinkering could lead to a sell-off. This situation does seem akin to a slow motion train crash: BTL landlords with mortgages are standing on the track in a game of chicken with regulatory locomotive, hoping to time their exit as best as possible. This high-risk game will almost undoubtedly leave casualties.

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