Landlords and second home owners face a crackdown as
concerns grow over the boom in buy-to-let mortgages. As many as 900,000 owners
of a rental property, holiday let or second home could be probed by the taxman over
claims they have not declared profits they have made. And banks have been
warned they face tough scrutiny over the landlord loans they dish out. This
could limit the loans being granted. The number of buy-to-let mortgages has
boomed in recent years. According to the Council of Mortgage Lenders there are
now 1.57million – an increase of 120,000 in the past year.But although there are an estimated 1.4million landlords
in the UK, only around 500,000 have registered with HM Revenue & Customs.
Read more on the Daily Mail website.
No comments:
Post a Comment