High Time for a Buy-to-Let Reality Check ; Landlords Have Been Making Money While They're Asleep, but Tough New Rules Are Ringing Rental Alarm Bells
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Summary
Buy-to-let investors face a series of wakeup calls as interest rates rise and new rules force them to be more professional over everything from deposits to property standards. Experts say many investors have been making easy profits for too long and need a reality check.
'For a long time, buy-to-let has allowed investors to quite literally make money while they sleep. But the climate is getting tougher this year and investors should get out if they aren't up for the challenge,' says Philippa Gee, investment director of financial adviser Torquil Clark in Wolverhampton.See the full content of this document
Extract
High Time for a Buy-to-Let Reality Check ; Landlords Have Been Making Money While They're Asleep, but Tough New Rules Are Ringing Rental Alarm Bells
More importantly, investors need to be aware of the new rules that govern the buy-to-let market. Fail to comply and you could be thousands of pounds out of pocket and might even be prosecuted. 'This is no longer something you can jump into with your eyes closed,' says Gee. Here...
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