Addlestone
Weybridge
Woking
Weybridge

  • Jan
    13
    2016

Buy to let mortgages surge as investors rush to beat April 1st Stamp Duty Rises

Buy to let loans look to outstrip remortgaging within a matter of weeks as landlords rush to beat the April 1 stamp duty surcharge deadline.

Enquiries for purchasing properties suitable to buy to let have been at record breaking levels already this year and finance referrals to our specialist financial advisors have double compared to 2015.

Although yields across all property types increased in the final quarter of last year, in real terms they continue to plateau as rental income fails to keep pace with rising property prices.  But with the strong capital appreciation and such poor returns in savings its no wonder that one in three enquiry’s comes from a buy to let investor.