It’s been tense week this week as landlords waited patiently for Rachel Reeves’ Autumn Budget. As the countdown began to the Chancellor’s announcement, the biggest fear for landlords was a possible hike in Capital Gains Tax.

Yet to the utter relief of the entire landlord sector, the day passed with the news that CGT was going to remain the same for buy-to-let properties. Property investors didn’t walk away completely unscathed, however. As Mortgage Solutions reported, the Chancellor announced that the stamp duty surcharge on the purchase of second properties would be increased from 3% to 5%.

Despite the overall good news, many landlords have remained in brace position and have reached out to exit the market and sell their buy-to-lets.

Continue reading No change to CGT, but four landlords say: we’re out! →

This week the Telegraph hit the nail on the head when they reported that Landlord profits had collapsed in the past decade following an onslaught of taxes and red tape.

That coupled with the unbelievable amount of hoops landlords have to jump through has pushed the entire sector to breaking point.

You can attempt to whip out as many rose-tinted glasses as you like, but the fact of the matter is, we’re deep into a war on landlords, and it’s pushed many of us to the decision that it’s time to get out. For Shauna, a landlord from Warrington of over 30 years, she shared that like many others, she’d make the decision to downsize.

Continue reading Escape Government attacks and Red Tape: Landlords must act now! →

This week the Telegraph hit the nail on the head when they reported that Landlord profits had collapsed in the past decade following an onslaught of taxes and red tape. That coupled with the unbelievable amount of hoops landlords have to jump through has pushed the entire sector to breaking point.

You can attempt to whip out as many rose-tinted glasses as you like, but the fact of the matter is, we’re deep into a war on landlords, and it’s pushed many of us to the decision that it’s time to get out.

No longer is this an “on the fence” decision, and certainly we don’t say this lightly, nor could we be accused of “scaremongering.” The truth is well and truly upon us, and the figures are grim.

Continue reading Taxes, red tape and the onslaught on Landlords: it’s time to get out →

The never-ending onslaught of landlords, including the abolition of Section 21, tough EPC rules, and changes  to stamp duty, have left landlords fed up and thinking of throwing in the towel.

The Labour government is the final nail in the coffin for many landlords who are overwhelmed with all the rules and regulations and want to get out of the market as soon as possible.

For landlords who don’t know where to turn Landlord Sales Agency can help sell your portfolio quickly and for a competitive price.

Our buyers are a mix of new landlords, investors and first-time buyers meaning that whether you’re selling with or without tenants, the properties will be snapped up. It also means that we’re able to get you the best possible price.

We have an extensive private database of over 30,000 buyers and can sell your property in less than 28 days.

Continue reading Landlords, Fed Up with the Labour Government? Sell your Portfolio NOW →