TV star gives five reasons to keep faith with Buy To Let

TV star gives five reasons to keep faith with Buy To Let


Todays other news
Fiscal advice is what landlords most want from brokers, a...
The Scottish additional homes tax is the highest level anywhere...
The average cost of damage done by a tenant is...
The latest lender to try to woo landlords is Accord,...
Shamplina has won this accolade three times in the past...


Property guru Phil Spencer has set out five reasons to keep faith with buy to let.

In an article for Estate Agent Today the Location, Location, Location star urges agents to promote buy to let – both in terms of properties to sell to landlords, and property management thereafter – and lists a string of what he regards as compelling reasons. 

Firstly, capital returns are good albeit not guaranteed. New figures from he Halifax show that at  average UK house prices grew by 20.4 per cent between January 2020 and December 2022, up by £48,620 from £237,895 to £286,515. “We doubt that same level of growth will be seen in the next three years but long term capital appreciation has been consistently good for bricks and mortar” he notes.

Secondly, rental returns have been strong especially in high yield areas. Lettings agency Hamptons estimates that an average property bought in 2017 would have generated £96,000 in rental income over the past six years. 

Thirdly, there seems little prospect of rental demand slowing significantly, as housebuilding levels are low, especially for affordable housing. Fourthly, would-be investors still have the option of owning buy to lets through a company to minimise their tax and overheads.

And finally landlords can genuinely feel they are contributing by providing a home “and it’s not the landlord-tenant battleground some people claim it to be.”

In the article Spencer chronicles the various tax and regulation changes of recent years which have led many to question the financial viability of buy to let. 

He also disputes those campaigners and activists who have tried to paint buy to let landlords negatively.

He says in his column: “We know that almost all of those perceptions are unfair, and that the private sector provides valuable and typically good quality housing to tenants wanting the flexibility of renting. And we know that buying the right property in the right place, with a target tenant in mind, can still be financially rewarding despite a growing tax burden and more regulations.”

You can read his full column here.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The average cost of damage done by a tenant is...
There's a campaign on X and Instagram to recruit new...
Experts say the answer to high rents is greater supply,...
The warning comes as Renters Rights Bill sets up a...
Council will pay part of tenants’ rent to private landlords...
A mortgage chief is warning that thousands of buy to...
The government says it will shortly start a formal consultation...
Recommended for you
Latest Features
Changes in the Budget could significantly charge financial planning for...
Next year should see stability and opportunity in the private...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here