Property News · December 12, 2015

What next for buy-to-let landlords struggling to make ends meet?


Ajay Ahuja has made millions from investing in property – but now he’s selling up. Will others follow suit as recent tax increases start to bite? We investigateMany of Britain’s biggest buy-to-let landlords are planning to sell off their homes, blaming George Osborne for effectively raising their tax rate to more than 100%. Some warn interest rate rises will tip them into bankruptcy.Ajay Ahuja, 43, who owns 200 properties – plus two Bentleys and his own 7,000 sq ft house in Cambridgeshire – says he has already begun to sell some of his homes: “Osborne is getting what he wants. He is forcing me to sell.” Continue reading…

Source : theguardian.com
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