MT Finance’s latest property investor survey — which canvassed the opinions of 135 property investors — revealed that 50% said scraping the 3% stamp duty surcharge would improve conditions in the UK real estate sector.
- B&C roundtable: BTL lender departures, hybrid products and utopian underwriters
- 42% of property investors want manual underwriting process
- Despite perception of rising bridging LTVs, average drops to just 51%
Other highlights from the property investor survey included:
- 33% called for a reversal of the changes to tax relief on BTL mortgages
- 17% believed introducing a tiered tax system on BTL property would better support the UK property market
- if a general election was called today, 50% said they’d vote for the Conservative party, followed by the Liberal Democrats (18%), Brexit party (16%) and Labour (3%)
“It is interesting that the stamp duty surcharge and removing it is more important to property investors than mortgage interest tax relief — it suggests this group of investors are the ones who are most likely to expand their portfolios,” said Gareth Lewis, commercial director at MT Finance.
“Property investors have been dealt some serious setbacks, impacted by changes to stamp duty and changes to tax relief, but despite the changes, many remain resilient and still see property investment as a key tool for retirement planning, and a good home for their monies while interest rates are low.”
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