Here are ten things you need to know about the buy-to-let business.
1 In the budget on Wednesday, the Chancellor will promise to take the axe to Britain’s housing benefit bill, which has soared to £24.6 billion a year. We don’t know the details yet but the curbs will have knock-on effects for many buy-to-let investors whose yields have been supported by public money and should be closely borne in mind by all prospective landlords. The new cuts come on top of a £23,000-a-year cap on benefit payments already due to come into force during this parliament
Stuart Law of Assetz, the property investment business, says: “The last time housing benefit was curbed it had quite a heavy impact on buy-to-let investors in London and