The proportion of landlords intending to take out
commercial loans to fund their property purchases has doubled over the last 18
months as they look for ways to avoid the impact of changes to landlord
taxation. The research from the National Landlords Association (NLA) shows that
landlords who said they planned to use commercial loans has risen from 10 per
cent in July 2015 to 19 per cent at the end of last year. The changes to taxation
will take place from April this year and, once fully phased in by 2021, will
prevent landlords with buy-to-let mortgages from deducting their interest
payments or any other finance-related costs from their turnover before
declaring their taxable income. Read more on the NLA website.
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