“Buy-to-let Tax cuts won’t put landlords off” says Waterfords.

Following the Chancellor’s summer Budget, in which he announced a substantial crackdown on mortgage interest tax relief, Brendan Cox of Waterfords says he does not think this will put people off investing in buy-to-let.

The amount landlords can claim as relief will, from 2017, be set at the basic rate of tax – currently 20 per cent, in a move which is said to ‘level the playing field for homebuyers and investors. Whilst some industry experts believe this will cool the buy-to-let market, making property investment less attractive, Brendan Cox, Managing Director of Waterfords which operates across Surrey, Hampshire and Berkshire, says he doesn’t feel it will have a substantial impact.

He comments “I don’t think people will be put off. Buy-to-let investment still offers a good opportunity for people to make money from capital growth and most people consider the long-term gain over the immediate income. There are still some good yields to be had on a monthly basis, and granted, landlords aren’t going to be able to make quite as much money, but the gains are so big in others areas I would be surprised if this rocked the market very much.

In trying to cool the property market, the government may have created an even bigger problem for tenants because landlords may look to recoup some of the loss through rental income. In our experience, such is the shortage of properties available, that anything we take on the market is snapped up immediately therefore, landlords could probably add an extra 5-10% and still find willing tenants.

Initially the increase in inheritance tax allowance won’t have much of an impact. The most notable difference will be that elderly people, who previously might have downsized to divide up their funds in advance, will now remain in their homes safe in the knowledge their offspring will not have to pay a large tax bill upon their death.”

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News


Daily bite-sized proptech and property news in partnership with Proptech-X.   MyIdentity selects Armalytix to create a proof-of-wealth solution for the property market Armalytix, the open banking technology platform which streamlines the collection of data for the professional and financial services industries, has been selected to be an attribute provider for the government-backed MyIdentity scheme,…
Read More
Software & Tech

The Future Of Healthcare Technology

As researchers, innovators and legislators work to improve access, effectiveness, cost, and accessibility of healthcare, the future of healthcare technology is in flux. Healthcare innovation is a key battle in the fight for human longevity. Here we will discuss the leading medical technologies in HIE software that are leading the way towards a brighter future.…
Read More
5 Great Property Management Software in the UK
Letting Agent Talk

Five of the Best Property Management Software for Landlords

Being a successful landlord requires a good relationship with your tenant, ultimately you want your property to be treated well, get paid on time and build long term relationships. Management of property has come a long way in recent years especially since the internet and certainly thanks to management software and apps. Today there are…
Read More
how to present your property for sale
Letting Agent Talk


Recent research reveals there has been an exponential rise in disrepair claims over the past five years, with more than £55.1m paid out across 70 English councils that own their own stock. (Source: Inside Housing, February 2022). Legal costs nearly doubled between 2017-18 and 2020-2021, while the number of cases increased by 132%. Of the…
Read More
Breaking News


Daily bite-sized proptech and property news in partnership with Proptech-X.   PRESS RELEASE: BriefYourMarket partnerships take lead generation to next level Generating and nurturing leads is the backbone of estate agency. According to Richard Combellack, Chief Commercial Officer at BriefYourMarket, this is exactly what BriefYourMarket is about, finding and nurturing new leads via a variety…
Read More
Home and Living

5 Gas Safety Tips to Keep You Safe at Home

Houses with safety hazards are not desirable, since they endanger the lives of their occupants. The value of your home diminishes if you’re your house and property are damaged, including gas appliances. Therefore, all owners, landlords, and tenants have a responsibility to have the appliances they own tested for functionality. Check all of your household…
Read More