As the tax reliefs for buy to let investors draws to an end the question on every Liverpool landlord or potential Liverpool landlords mind is whether or not buy to let properties are still a good investment?
PricewaterhouseCoopers could have the answer. As a report realised last month by PWC found even though the government has made decisions to reduce mortgage interest relief tax for landlords the letting market is still as appealing as ever. In fact PwC forecasts that ¼ of all houses in the UK will be tenanted within the next 5 years.
The report said that lenders have an incredible stake in the buy to let market and that it is very important to them. However this being said due to the relief reforms a handful of lenders are now offering company buy-to-let finance products, which offers a new tax-efficient alternative to property investment.
Tenant demand remains incredibly high and is expected to rise further over the next few years. This means that investors can buy properties with the safe knowledge that there will be a readily supply of tenants.
The tax relief reforms aren’t due to take effects until 2017 which gives buy to let investors ample time to clarify their position. If you have a property that you need a tenant for quickly please give Propeller Lettings Agents Liverpool a call.