COMMERCIAL PROPERTY
INVESTING IN A BUY TO LET PROPERTY
by Philip Cobb , Director , Cobb Farr
Despite the changes within the buy to let market prompted by the government , residential investment is still seen as a viable prospect . The stamp duty additional property surcharge , in conjunction with the changes in mortgage interest relief commencing in April will perhaps alter purchaser ’ s opinions with regards to this market .
However , in these early months of 2017 Cobb Farr are still experiencing a demand for apartments , in particular with yields of between 3-5 %. With the interest rates remaining low , enquires from BTL investors have continued at a steady pace , particularly in the knowledge that the rental market in Bath and the surrounding areas is still under supplied and the demand remains high .
An interesting off shoot is that developers are now considering buy to let projects , there is an increased appetite among lenders to fund the development of BTL schemes , with developers hoping the government will open up these schemes to young professional non-students , along the same lines as student accommodation . If given the same tax treatments as student accommodation the sale of the development would be exempt from additional property surcharges , making it more attractive to those looking to provide affordable , privately rented accommodation .
Any developers or private investors wishing to seek advice with regards to investment opportunities within the area are more than welcome to contact myself or my colleagues within the Bath and Bradford on Avon offices , both of which have successful rental departments and a knowledgeable Land and Development team .
e : phillip @ cobbfarr . com
@ CobbFarr
Our Land & Development department are looking for development opportunities within the area , both with or without planning permission for a number of retained clients .
Please contact Philip Cobb or Lynette McAlister for advice . 01225 333332 cobbfarr . com
THE BUSINESS EXCHANGE 2017 31