Society of Mortgage Professionals launches dedicated BTL events

The industry was told about tax regime changes in a year that has also seen the introduction of the Mortgage Credit Directive, Brexit and the forthcoming Prudential Regulatory Authority underwriting changes.

The CPD-accredited events will begin in October, with a series of five regional roadshows. The roadshows will include a keynote session on complex BTLs and how to cater for the needs of today’s portfolio landlords, delivered by Connect for Intermediaries’ chief executive, Liz Syms (pictured).

The five roadshows begin at Haydock Racecourse on Tuesday 4 October, followed by East Midlands (5 October), Southampton (6 October), London (10 October) and Belfast (11 October).

The Society will complement these with a webinar on 26 October, featuring Legal and General Mortgage Club director, Jeremy Duncombe, who will provide an overview of the current state of the buy-to-let market, followed by a specialist briefing by David Kilshaw, tax partner at Ernst & Young’s private client group.

In addition, it is to run three specialist workshops in London, Leeds and Birmingham on the 25, 27 and 28 October respectively. These full-day sessions will examine the current buy-to-let landscape and use practical examples to equip advisers with knowledge on taxation rules and the calculations involved. The workshops will also explore the likely impact of all the buy-to-let changes on first-time buyers and other areas of interest to advisers in the current climate.

Society of Mortgage Professionals head of professional development, Lee Travis said advisers need to be able to accurately assess a buy-to-let client’s situation and highlighted the importance of seeking specialist tax advice.

“Buy to let has gone through some very significant changes this year and we do not think we have seen the last of them,” he said. “From 2017, higher and additional rate tax-paying landlords will no longer be able to claim full tax relief on the interest payments made on their buy-to-let mortgage. Although this will be a phased adjustment and not fully implemented until 2020, it is vital that advisers are aware of what’s on the horizon, as advice given now could have huge ramifications on a client’s future tax position.”

The roadshows, webinar and workshops are available to both members and non-members. To register and for more information e-mail: info@thesmp.org