New research by Aldermore Building Society shows that over half the UK’s buy-to-let landlords (52%) expect the recent changes to stamp duty and buy-to-let mortgage tax relief to have no real impact on them.
This is even more pronounced among landlords over the age of 55, 61% of whom expect to see little impact.
The research, carried out amongst 1,000 landlords by YouGov on behalf of Aldermore, explores how the recent changes to buy-to-let, which came into force on 1 April, have affected landlords, including whether they would raise rents, sell their properties and what they thought the future was for the private rented sector.
Seven-in-ten respondents expect the number of tenants in the private rented sector to increase over the next five years, but a third (33%) of landlords feel the overall value of the buy-to-let market will decrease over the next 12 months.
David Gibson, partner at Whitton & Laing comments that “it’s clear that property remains an attractive investment for many landlords, despite the recent changes in tax”.