Buy to Let valuations dipped to 7% of market activity
last month as the cut to landlord mortgage tax relief kicked in. The proportion
of Buy to Let valuations is six percentage points below the five year average
for April. Buy to Let valuation activity is even lower than it was in April
last year – when the stamp duty surcharge was introduced. The decline in Buy to
Let valuations has likely been driven by the stamp duty surcharge and the cut
to Buy to Let mortgage tax relief. As of April, landlords can only offset 75%
of mortgage interest payments against rental income – down from 100% in March.
Read more on 24housing.
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