Investment in buy to let has shown few signs of slowing down despite the numerous changes that have come about over the course of 2016.
Buy to let property has outperformed every major asset class in recent years and total annual returns have reached 12% in 2015 or £21,988 in absolute terms.
It has been revealed that four out of five landlords plan to carry on investing in the private rental sector, according to the second annual Landlord Voice survey.
Of those surveyed, only 9% of landlords said that they would postpone expanding their portfolio as a result of the Brexit vote.
On the other hand, 3% said they were likely to invest even more, which is the same proportion who said they planned to sell a property.
Following the government’s plans to cut Tax Relief for landlords, most buy to let investors surprisingly do not plan to alter their investment plans.
70% of those surveyed insist that the reduction of tax relief on buy to let mortgage payments would not affect their plans while 4% said they plan to invest further as a result.
Read more: Rental market records regional growth
12% are planning to wait before adding to their portfolio, however 8% said they would now sell one or more properties.
Up to 20% of landlords revealed they would be likely to increase rents in order to recover from the losses they will face due to the changes.
79% of landlords plan to keep rent at the same level in the next 12 months while 1% said they would reduce rent.
Among some of the top concerns for landlords include government legislation, tax changes and tenancy void periods.
Investors – protect your buy to let property by getting a quick landlord insurance quote from Discount Landlord!
This post first appeared on Get A Discount Quote On Your Landlord Insurance To, please read the originial post: here