Property investors have seen many regulation and tax changes over the past few years, creating more obstacles in an uncertain market, but technology is making it easier for investors to deal with a range of challenges.
Regulation and tax changes
For second homes and investment properties, the extra 3% Stamp Duty Land Tax was introduced above the standard rate in 2016. Then, in 2017, the government began phasing in considerable restrictions on mortgage interest tax relief for buy-to-let mortgages.
On top of that, new regulation has been rolled out for buy-to-let mortgages, including more restrictive affordability testing and extra considerations for portfolio landlords. Despite these changes, there hasn’t been as much of an exodus of buy-to-let investors and landlords as originally expected.
Finding the best property investment deals
Property investors face additional challenges, involving how to find and compare deals, looking behind the ROI numbers, and how to get connected with reliable sourcers. Evolving technology is making it easier for investors to face these challenges and manage their portfolios effectively.
PropertyMenu.com is a great example. We’re building an online platform to bring together property investors and sourcers. The platform matches potential investors with property sourcers, so everyone can achieve higher returns, while also presenting and calculating deals based on a tried and tested deal calculator, providing transparency to the numbers.
At PropertyMenu, we provide property investors with full clarity of each potential opportunity to help them make informed decisions and find the best property investment deals.