BUDGET TAX CHANGES IMPACT DEMAND AND PRICES

I was interested to read a report from Moody’s Credit Agency advising that restrictions on mortgage interest relief for buy to let landlords will slow house price growth in the short to medium term.  Moody’s have advised that in their opinion this tax change will produce reduced demand for buy to let properties, having a knock-on impact on UK house price growth.  I also have concerns regarding the impact it will have on rental property, availability, rents being charged and also the free movement of the lower end of the property market.  Watch this space!

Lindsay Darroch
Partner – Head of Property
www.blackadders.co.uk

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