Buy To Let enquiries still strong in Hillingdon and Uxbridge

It’s been a tough year for Buy To Let, tax cuts on wear and tear, mortgage tax changes and stamp duty rises.  The Bank of England promises tightening on BTL lending criteria, however gearing on BLT property is similar to the residential sector.

For us here is Belvoir Uxbridge March onwards was quiet with enquiries as BTL completions were finished up before the stamp duty rises and the post Brexit vote wait and see period was just that.

But now we are seeing renewed interest in the sector however from investors. The age old issues and reasons for investment remain.  What else to do with the money, the fact that being invested in property means protection against high property increases. And giving confidence to landlords is that fact that tenancy demand remains good.

On the subject of tenant demand Rightmove confirm it matches last year.  

Ultimately house prices are holding their value nicely and should continue to do well in the long term (I can never make any assurances about the short or medium term and anyone who does frankly, is a fool).  

For a more general view this ‘This is Money’ article set my thoughts going.  Although I find some of the ROI’s and average rents needing further explanation (ROI look high and the average rents look low).  

‘This is Money’ article Link.

This is Money