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Tax changes will hit buy-to-let lenders

‘Analysts at Barclays have warned that limits on tax relief for landlords could be a serious blow to specialist buy-to-let lenders as the changes in the emergency Budget undermine some investors’ income. “Potentially this move could significantly reduce the post-tax income a landlord can make from their buy-to-let activity. This could have negative consequences for buy-to-let lenders such as OneSavings Bank and Paragon in our coverage,” said Barclays analyst Daniel Garrod.

Source: The Daily Telegraph

Do we detect the merest hint of schadenfreude in Barclays’ comments? Not nice, Mr Garrod: play nicely with the other bankers. For more on the budget changes and their effect on property investors, take a look at our recent briefing.

David Whiscombe

Consultant

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