Last month saw the release of Shawbrook Bank’s research report ‘The Changing Face of Buy-to-Let’ which takes a detailed look at the sector over the last 18 months.
Despite the COVID 19 pandemic and the subsequent lock downs and tier system introductions, the BTL Market has continued to thrive. One could say that the part stamp duty relaxation, available until the end of March, has kept purchases buoyant, but we have also seen a high number of refinance deals completed as fixed rate deals have come to an end.
This is a question that we are asked on a regular basis and there is no simple answer.
June 30th was a ‘big news’ day for property developers after the Prime Minister announced the ‘most radical reforms to our planning system since the Second World War’. The reforms would see existing commercial properties, including newly vacant shops, converted into residential housing more easily.