How has the buy-to-let market been affected by the stamp duty change?

The recent stamp duty change has changed the buy-to-let market as it has made renting more expensive owing to the increase in overall charges for a second home. Individuals looking to invest in the buy-to-let properties will now be expected to pay higher rates that have been increased by 3% of the property value on top of the regular rates. We at Mortgage Advice Services aim at ensuring we are able to provide all the necessary expertise and recommendations that will give you proper understanding of what is to be expected with investments in buy-to-let properties. As the principle source of accurate information on Nottingham mortgages, we are better placed to put our resources to work to ensure our clients adequately grasp what the mortgage market is offering and the stipulations expected to be covered. 

With the stamp duty change, remortgages have also been affected since buying a residence before selling the previous one attracts the higher rate of 3% on the total price. However, the extra rates paid are refundable if the previous home is sold within 36 months of moving out. We are the right place to get advice on the remortgage market in Nottingham.

When you approach us, we are able to give you a breakdown of what the market is projected to be and in this, we also keep in mind the differences in cost. We provide counsel on buy-to-let properties costing less than £40,000, mobile homes, caravans and houseboats which have a blanket cover against the higher rates. The re-mortgage advice we give is normally based on the industry regulated fees and rates including the legal standpoint of home ownership. Our goal in the mortgage industry is to ensure that our clients are able to invest wisely and with all the relevant facts at hand. This will not only give a systematic breakdown of expected costs but also provide clarity in terms of buy-to-let investment opportunities. We are the ultimate partners to take down the road the road of buy-to-let property investments as you can tap into our vast knowledge and expertise within the niche market. Learn more about the residential property market and rates by giving us a call or visiting our website where you will be able to target detailed consultations on your mortgage needs http://www.mortgageadviceservices.co.uk/remortgaging/buyToLet.htm