Buy-to-let: It’s simply not worth it says leading market commentator
A respected financial journalist has warned that getting into buy-to-let with borrowed money is a risk not worth taking.
Merryn Somerset Webb was commenting following number crunching by Brewin Dolphin, and a campaign by the Telegraph.
Both have pointed to how current profits made by landlords could turn into losses once a new tax regime kicks in.
Somerset Webb says the figures are “scary”.
But she also adds that many people, including landlords, simply don’t get it.
Our columnist Vanessa Warwick has raised a similar question before, wondering if letting agents ffully realise the potential threat to the market.
EYE has so far come across very few agents who are proactively tackling the subject head-on, for example with seminars co-hosted with local accountancy firms.
However, we would be very interested in knowing your views, including whether this could be a business opportunity.