There are signs that buy-to-let landlords may be returning to the market, encouraged by cheap property prices and rising yields. Buy-to-let investors have been steadily retreating from the market since the government introduced a 3 per cent stamp duty surcharge on second properties in 2016 and reduced landlords’ ability to offset mortgage interest against profits. Aneisha Beveridge, head of research at Hamptons International, an estate agency, says: “Slowing house-price growth and falling prices in some areas are helping to boost landlord yields. Calum MacInnes founder of Student Tribe JIM MARSDEN“Landlord purchases have often led a property market recovery. After the last financial crisis it was landlords who stepped into the market first and started buying homes at discount prices.

Source: The Times June 14, 2019 23:04 UTC