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Would-be investors retain positive view of buy-to-let market

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  • 06/01/2020
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Would-be investors retain positive view of buy-to-let market
Buy-to-let investments have been rated as worthwhile by 75 per cent of respondents to survey conducted by accountancy firm Perrys.

 

The reputation of buy-to-let was even higher with millennials. Among this group, 83 per cent believe it to be a good investment and 33 per cent would use it as a pension.

In London, 76 per cent of potential investors would consider buy-to-let.

Of the factors putting off investors from buy-to-let, Brexit was cited by 28 per cent and stamp duty rates by 29 per cent.

“Buy-to-let is still a solid, long-term investment, despite what the current market indicators and the drop-off in purchases might suggest. It’s interesting that the younger generation still sees it as a way to plan financial for the future,” said Donna McCreadie, buy-to-let tax specialist at Perrys. 

“However, there are many considerations such as stamp duty charges, effects on income tax and likely return on investment.

“Investing in property is a long-term plan rather than a quick fix, so it’s important to speak to a professional tax specialist and mortgage adviser before making a commitment,” McCreadie added.

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