Rate cuts bring income boost in buy-to-let
Borrowers of mortgages for professionals who are interested in buy-to-let should take advantage of current financial climate, it has been suggested.
According to the Young Group, falling interest rates have boosted income in the buy-to-let sector by about £1 billion and the Treasury has benefited from an extra £400 million in tax.
The Bank of England will announce its monthly base rate decision today, after cutting rates by 1.5 per cent in November and 0.5 per cent in October.
A poll of 11 experts by Adfero found respondents to be unanimous in their prediction of a rate cut today, with reductions from 0.5 per cent to one per cent forecast.
Young Group chief executive Neil Young said: "Buy-to-let is a sector that's sometimes unjustly maligned but not only does it fulfil a valuable role in providing quality housing stock, it also makes a significant contribution to the Treasury's tax revenues."
Mortgages for Professionals provides expert mortgage advice for high earning professionals on over 30,000 mortgage types.
According to the Young Group, falling interest rates have boosted income in the buy-to-let sector by about £1 billion and the Treasury has benefited from an extra £400 million in tax.
The Bank of England will announce its monthly base rate decision today, after cutting rates by 1.5 per cent in November and 0.5 per cent in October.
A poll of 11 experts by Adfero found respondents to be unanimous in their prediction of a rate cut today, with reductions from 0.5 per cent to one per cent forecast.
Young Group chief executive Neil Young said: "Buy-to-let is a sector that's sometimes unjustly maligned but not only does it fulfil a valuable role in providing quality housing stock, it also makes a significant contribution to the Treasury's tax revenues."
Mortgages for Professionals provides expert mortgage advice for high earning professionals on over 30,000 mortgage types.
