Property News · December 9, 2016

Days of the buy-to-let landlord are numbered, says Fergus Wilson


Britain’s biggest landlord believes tax changes and tougher mortgage rules will sound the death knell for buy to letBritain’s biggest buy-to-let landlord, Fergus Wilson, says future investors will never be able to match the financial success he has enjoyed – and that landlords’ days in this country are numbered.Fergus and his wife Judith bought nearly 1,000 homes in Ashford and Maidstone in Kent, but are now in the process of selling up. He reckons the much tougher lending criteria, with larger deposits and higher rental income requirements, will kill off the market for future buyers. Continue reading…

Source : theguardian.com
Read more…Days of the buy-to-let landlord are numbered, says Fergus Wilson

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