Last week’s interest rate growth to 0.75 per cent is
likely to leave many landlords with no choice but to pass on costs through
higher rents. Despite the recent stamp duty increase on second properties and
the capping of mortgage interest tax relief at 20 per cent for all rental
income, the majority of landlords have avoided shouldering tenants with the
bill. However, landlords currently on tracker mortgages could see their bills
rapidly increase. A tracker mortgage matches any rise in the base rate, and
will find that an extra 0.25 per cent will add £12 per month to a £100,000
remortgage payment. It will also add £25 to a £200,000 loan. Read more on the
RLA website.
Country diary: The challenge of making a thatched roof pine-marten proof |
Tom Allan
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*Glenisla, Angus:* Damage by squirrels is common; the mustelid less so.
Still, as a local told me, ‘you cannae blame them wanting somewhere to live’
That...
1 day ago
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