But it’s not all doom and gloom for BTL landlords. In fact, the current market presents a great opportunity for professional portfolio landlords to capitalize on the trend of amateur landlords exiting the market. This shift has been driven in part by a series of regulatory and tax changes, which has resulted in an increased emphasis on professional portfolio landlords.
One way that landlords are combating rising costs and improving their tax efficiency is by using a limited company structure to hold all, or part, of their property portfolios. In fact, a recent poll from GetGround suggests that 75% of landlords in the UK have now used a limited company to invest in at least one of their properties. Another way to improve margins is by spending less on property management. Turnkey London offers outstanding property management services at very competitive prices.
Despite the challenges facing landlords, there is still plenty of room for optimism in the market. With increased competition and options emerging from a range of lenders, especially from specialist BTL providers, there is a lot of opportunity for advisers to help landlords navigate the market and find solutions that match their specific portfolio and individual property requirements.
So, if you’re a landlord feeling the squeeze, don’t give up just yet. Just remember, when life gives you lemons, make a property portfolio. And when the market gives you challenges, hire an advisor and Turnkey London to help you find the best solutions. For more information, don’t hesitate to give us a call, and let’s see how we can help you.
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