Landlords ‘Forced Into Debt’ If Interest Rates Rise By 2.5%

Buy to Let in seven out of 10 UK towns and cities could become unprofitable if interest rates rise by just 2.5% according to Property Partner. The average investment property would be making an annual loss of £325, the property crowdfunding platform report. Property Partner looked at more than 100 of the largest towns and cities in the UK, to see what impact interest rate rises, coupled with the changes to mortgage interest tax relief, would have on local buy-to-let markets. By 2020, buy-to-let investors will have lost higher rate tax relief on their mortgage interest payments. Read more on 24dash.