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Buy to let’s biggest issue is lack of awareness – Star Letter 26/02/2016

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  • 26/02/2016
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Buy to let’s biggest issue is lack of awareness – Star Letter 26/02/2016
Each week Mortgage Solutions rounds up the most opinionated and thoughtful comments of the week.

This week’s Star Letter goes to Commercial Trust for its thoughtful comment on the impact of a 3% Stamp Duty premium which appeared on Buy to let still ‘hugely popular’ with retirees despite looming rule changes

“The big problem the industry faces is lack of awareness, which is largely down to lack of communication on the government’s part. It is going to great lengths to discourage buy to let as a passive investment, and yet there has not even been a proper investigation into the effect that the tax relief restriction could have on highly-geared 20% taxpayers (for instance).

“Meanwhile, we are less than four and a half weeks away from the new SDLT regime, and yet the final policy framework won’t be announced for another fortnight.

“Buy to let can still be a solid alternative to other investments if the numbers add up, but the decision to put money into property should always be a considered and informed one.”

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