If you were to re-mortgage your existing property on to a let to buy mortgage then buy a new residential property, you will be taxed on the same basis as a buy to let
/ second home.
For advice on which properties are suitable for a buy to let
investment, contact Martin & Co on 0121 427 2020.
"It is encouraging that buy to let
mortgage arrears continue to fall, and given the relative security of the sector versus the home mortgage market it is unsurprising that buy to let
lending is taking on a greater share of the market."
This hardy annual kicks off by restating what is buy to let
and, to counter the many misunderstandings, it explains what is not buy to let
Said Robert Jordan, president of ARLA: "These figures totally reject propositions contained in some recent reports that future house price falls could impact on the Buy to Let
Available immediately, the new products include two year fixed rates from 3.98% up to 75% LTV and from 4.28% up to 80% LTV and three year fixed remortgage option with no valuation, legal or completion fees at 4.98% up to 75% LTV and 5.28% up to 80% LTV with a GBP199 booking fee for buy to let
Prof Ball said that buy to let
has substantially improved housing market stability.
Adrian Turner, chief executive of ARLA said: "It remains the case that buy to let
investors are proving to be good landlords who cater for their market and provide the accommodation that tenants are looking for.
BUY TO LET
has proved to be a force for good in the housing market and a major industry in its own right, according to ARLA, the Association of Residential Letting Agents, at the 10th anniversary.
The 224-page ARLA, CML Buy to Let
Guide is available free from all ARLA member letting agents, www.arla.co.uk or tel: 0845 345 5752.
Key changes in the bank's Buy to Let
range include new Buy-to-let two-year fixed rate at 60% LTV at 2.99%, with no product or application fee (minimum loan size GBP100,000); a Buy-to-let three-year fixed rate at 75% LTV at 3.59%, with a GBP995 product fee and GBP500 cashback; and a Buy-to-let five-year fixed rate at 75% LTV at 4.09%, with a GBP995 product fee and GBP500 cashback.
This is shown by the second quarter's survey conducted from among the 10,000 subscriber landlords on the ARLA Buy to Let