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First-Time Property Buyers Flourish Due To The Weaker UK Buy-To-Let Market

First-Time Property Buyers Flourish Due To The Weaker UK Buy-To-Let Market

Property purchases amongst buy-to-let (BTL) landlords have fallen. The combination of new tax regulations (where BTL landlords are progressively being unable to deduct their mortgage interest from their rental income) and the extra 3% stamp duty land tax charge for any additional home or investment property purchase; have both impacted the property investment sector across the UK. Clearly, property investing within the UK has become increasingly difficult and more expensive to get into – overall making it a less attractive investment avenue for inexperienced property investors.

However, for first-time buyers – this is excellent news. The reduced activity within the BTL property market has led to fewer purchases amongst BTL investors and landlords. Competition for property has thereby fallen; providing first-time buyers increased opportunity in securing their first home.

Source of information:

  1. https://www.theguardian.com/business/2018/oct/15/weaker-buy-to-let-market-hope-first-time-buyers-landlord-survey

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