
Neil Jennings
Neil is the Operations Director at Assetgrove Lettings, London's Leading Rent Guarantee Company, providing Landlords with no voids, property maintenance, fee-free property management and stress-free service.
According to data from HMRC, the number of buy-to-let investors increased to 2.5 million in the tax year 2017/18, which is an increase of 5% on the 2016/17 tax year.
The data shows that, regardless of multiple tax and regulation changes affecting the buy-to-let sector, landlords and investors have not been deterred.
There is also a reported rise in the number of properties each landlord owns, with this rising five years in a row.
Property remains a preferred form of investment, with the stock market often viewed as volatile and unstable. Continuing low interest rates have also contributed to a preference for property.
However, there is a growing need for lenders to meet the diverse requirements of borrowers, and for greater flexibility in the buy-to-let mortgage market.
Landlords in London and elsewhere in the UK are now subject to more regulation and taxation, but for landlords who seek advice and take a strategic, pragmatic approach, buy-to-let can still prove a good investment.
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Neil is the Operations Director at Assetgrove Lettings, London's Leading Rent Guarantee Company, providing Landlords with no voids, property maintenance, fee-free property management and stress-free service.