Rising mortgage rates, refurbishment costs from potential energy efficiency legislation and increased tax burdens have been placing more financial pressure on landlords.
A recent report by tax planning consultancy Less Tax 4 Landlords said a small uptick in buy-to-let mortgage rates could reduce landlord profits by thousands of pounds, especially if it is owned in the individual’s name.
Other factors such as interest rate rises, inflation and the increased cost of living are also having an impact on landlords.
As well as this, there is the prospect of higher taxes, with former Chancellor Rishi Sunak, pledging to raise corporation tax to 25 per cent next April if he becomes Prime Minister.
This has raised concerns that the cost burden may cause some landlords to exit the market.
So, with all that mind, brokers, are you seeing more landlord clients disposing of property due to rising costs?
Are you seeing more landlord clients disposing of property due to rising costs?
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
