Activity in the buy-to-let property market is slowly rising following changes to stamp duty land tax (SLDT), according to research by Paragon Mortgages.
A survey of more than 1,000 landlords found that while buy-to-let activity remained subdued in Q1 2016, landlords are slowly returning to the property market.
Findings show:
- 19% of landlords say they expect to purchase a property in the coming year, up from 17% in Q4 2015.
- 16% say they want to sell a property, down from 19% in Q4 2015.
- 39% of landlords reported an increase in tenant demand, up from 34% in the previous quarter.
Read the full article here
Need a quote for the conveyancing costs on your new property or looking to re-mortgage? Get a quote here