Paragon Group of Companies said recent fiscal and
regulatory changes and proposals may soften the rate of growth for buy-to-let
as time progresses, but demand for rental properties would remain strong.
Britain will raise the level of property tax for those who buy a house in order
to rent it and on second homes, finance minister George Osborne said in
November, as part of plans to cut government spending and raise revenues.
Additionally, banks across the world would have to set aside more capital to
cover buy-to-let mortgages and place greater emphasis on a borrower's ability
to repay a home loan, under draft rules from global banking regulators.
However, to date, there has been no change in existing buy-to-let customer
behaviour, Paragon said. Read more on the Daily Mail website.
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