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New buy-to-let rules good for wealth managers


Walker Crips’ Wealth Management Director, David Hetherton, says the UK Chancellor’s announcements around buy-to-let investments will have a positive impact on the wealth management industry…

“The Autumn Statement will encourage investors to think twice about concentrating their funds in buy-to-let property portfolios. The increase in stamp duty, allied with the loss of interest relief on mortgage payments, should combine to reduce the attractiveness of buy-to-let property portfolios as a primary investment strategy.  

“Indeed, those consumers with geared property portfolios may begin exploring investment opportunities which provide potentially better value, such as advisory or discretionary managed portfolios”.

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