The Budget Positives For Landlords

Many Landlords feel they have no positive way to turn with all the recent announcements looking to essentially penalise small Landlords. Yesterday confirmed another blow to the Buy-To-Let sector as Chancellor George Osborne confirmed proceeds from Investment in Residential Properties will attract Capital Gains Tax at 8 percentage points higher than almost every other asset class. This alongside recent announcements to increase Stamp Duty on Second Homes and prevent Landlords claiming a Tax Relief on expenditure has left many Landlords wondering where to turn.

Less advertised studies have shown that Tenants are staying in the Private Rental Sector for longer with many tenancies now stretching to 4 years where previous figures had shown 3 years, many tenants still take an initial 6 month tenancy but are residing in the properties for longer. This joined with the fact the 46% of 25- 34 year olds are now in Private Rented Accommodation compared to 24% a decade ago and an expected 1 million more Rental Homes required in the next 5 years should prove as some reassurance to current landlords that their current portfolio will continue to earn a good return.

With the assistance of a good agent you to can benefit from long term tenants without the worry of how your legal documents (Inventories and Deposit Protection Paperwork) will stand the test of longer tenancy and further Government Legislation Changes.