Money Box Live: Buy to Let
Louise Cooper would like to hear your views, experiences and questions about being a buy to let landlord. Call 03700 100 444 between 1pm and 3.30pm on Wednesday 28 June or e-mail firstname.lastname@example.org now. Standard geographic charges from landlines and mobiles will apply.
The end of mortgage interest relief, the loss of the so called wear and tear allowance and additional stamp duty charges on new property purchases may mean that landlords have to rethink their financial plans. Some landlords are being encouraged to set up a limited company to avoid the charges but how does it work and could it end up costing you more?
Stricter mortgage affordability assessments will also apply to landlords who own four or more properties from September 2017, limiting the overall amount you can borrow.
And what are the rules about tax and mortgages if you're a landlord thinking of letting a property through Airbnb?
Joining Louise Cooper to talk through the business of buy to let will be:
Carolyn Uphill, Chairman, National Landlords Association.
Anil Mohanlal , Chartered Accountant and Managing Partner, Kumar & Co.
David Hollingworth, from Mortgage Broker London and Country.
We'd love to hear your ideas. Call 03700 100 444 between 1pm and 3.30pm on Wednesday 28 June. Standard geographic charges from landlines and mobiles will apply. Or e-mail email@example.com with your thoughts and experiences.
Presenter: Louise Cooper
Producer: Diane Richardson
Editor: Andrew Smith.