Comments on BTL regulation

September 17, 2015

According to Stefatheno Silvestrin, senior economist at the the Nationwide Building Society who was  speaking at the the Financial Services Expo (FSE) London on Wednesday, the curbing of tax relief on interest-only buy-to-let mortgages for landlords by  George Osborne is unlikely to have a major impact on activity in the sector.

Silvestrin said the decision to cut the tax relief that higher-rate taxpayers could claim down to a basic rate level over the next four years may have a dampening effect, he was not so sure though it would have a major effect and that the  buy-to-let market would continue along its current path with modest growth.

His view was that further regulation of the sector was looking likely,  saying  that the financial regulators could act further in the buy-to-let sector if they believed that lending levels were getting too high and the sector was securing too great a proportion of total lending.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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