20th May 2016
Mortgage lending in the UK fell 29% in April from the previous month's figures. Lending reached £18.5 billion in April, 16% higher than the £16 billion lent in April 2015. The fall was expected following the rush of landlords completing on sales to beat the new 3% surcharge on additional homes that was introduced on the 1st April.
My previous blog looked into the affect that the change in Stamp Duty has had on the property market. I will be writing another of these in a few months time as the market continues to even itself out as investors return to the market. With a quiet couple of months in February and March, we are already seeing more and more investors getting in touch to discuss moving forward with their property portfolios. This is why we have returned to having weekly Property Investment Seminars at our head office in Smallfield in Surrey.
Further to this we are having a seminar geared more towards the taxation implications for high rate tax payers and the best ways for them to purchase properties on the 4th June. Our Chairman, Simon Shinerock, has written a free guide on this so please do get in touch to request your copy on 01342 840050.