The new stamp duty rates for second homes are due to come into force in April 2016. This curve ball for property investors means that anyone buying a second home or buy-to-let will be hit with a higher rate of stamp duty.
What can you do if you want to invest in a buy-to-let or second home without incurring the new taxes? Buy now and complete by 1 April. It might be a bit of a rush, but the savings could make it worth it.
If you’re ready to buy, these properties could be a great buy-to-let investment.
If the £1,795,000 price tag doesn’t put you off, this three bedroom apartment could bring in excellent returns as Prime Central London rents remain very high.
Cambridge property prices spiralled upwards in 2015. In the three months to October, the average house added £30,000 to its value, so 2016 could bring equally good returns.
This property in on the outskirts of the city in the village of Bottisham.
Live the Manor House dream in this £300,000 two-bedroom apartment on one of Solihull’s most desirable roads. The property is very secure as it sits behind electric gates and a private tree-lined driveway.
Get a lot of house for your money in Swansea and still benefit from rising house prices. In 2015, Cardiff and Swansea saw more growth than in a lot of English cities, and the range of properties available could make it a good investment opportunity. This four-bedroom townhouse is a quick stroll from an award-winning beach.
Better transport links are expected to boost property prices in Norwich, and talk of a ring road is making the city more appealing. This Grade II Listed property is in the Cathedral Quarter of Norwich and dates back to 1600.
Jesmond in Newcastle is highly populated with students who attend the two local Universities. Demand for rentals is high, so this high-quality modern apartment could bring back a good return.
2015 saw the trend of Londoners leaving the expensive capital city in favour of cities like Bristol. The increased levels of househunters meant that prices rose throughout the year, and it’s likely to continue into 2016. This large home near popular Clifton would certainly fit an ex-London family looking for more space than they could get further east.
Property prices in Brighton have been quickly growing over the last 10 years and 2016 is expected to follow the trend. This property would not only be perfect as a buy to let investment, but a buyer could also rent it out to holiday makers for even larger returns.
To discover more properties perfect for buy-to-let, visit the Fine & Country website.