{"id":1532,"date":"2016-11-03T08:00:46","date_gmt":"2016-11-03T08:00:46","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1532"},"modified":"2023-09-26T15:15:43","modified_gmt":"2023-09-26T14:15:43","slug":"investing-in-property-here-are-5-things-worth-knowing","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/investing-in-property-here-are-5-things-worth-knowing\/","title":{"rendered":"Investing in property? Here are 5 things worth knowing."},"content":{"rendered":"

Whether, you\u2019re new to the landlord-life, a landlord by chance or an experienced property investors, here are five things you should know about rental property.<\/strong><\/p>\n

1. House prices<\/a> have remained stable<\/strong><\/p>\n

Activity in the buy-to-let sector has bounced back from April\u2019s increase on stamp duty and any uncertainty that has hit the country after Britain\u2019s decision to leave the EU.<\/p>\n

Rightmove actually reported a 30% increase in the number of investor enquiries between the second and third quarter of this year.<\/p>\n

Review and expert advice page Which? had a look into three of the biggest house price indices and they found out that the average house price increased by 1.6% between June and August. They also warned though that this rate can vary from area to area<\/a>.<\/p>\n

2. Mortgage interest tax relief<\/a> changes<\/strong><\/p>\n

Following rules currently in place, landlords can deduct mortgage interest payments from their income before calculating the amount of tax they\u2019ll have to pay.<\/p>\n

Starting from April next year, the amount landlords can claim will slowly be reduced until 2020, when costs will be deductible at the basic rate of 20%.<\/p>\n

This change will especially have an impact on those who pay tax at 40%, and might see a lot of landlords<\/a> having a significant part of their profits removed.<\/p>\n

Third runway could cull Heathrow prices by 20%<\/a><\/p><\/blockquote>\n