Expanding your property portfolio can help increase your financial security — but is now a good time to buy-to-let?
As house prices start to fall and rents rise across the UK, 2023 may look like a good year to get your foot on the investment property ladder. However, making that decision is far from straightforward. While a buy-to-let investment strategy can provide you with a regular rental income, it also comes with additional costs and responsibilities.
Recent economic factors such as soaring mortgage rates and reduced tax relief could also negatively impact your profits as a landlord, so it’s essential to weigh up your options carefully.
In this article, we’ll discuss the pros and cons of investing in buy-to-let in 2023.
>> Download our ‘buy-to-let’ Guide
The views expressed in this article are the personal views of the Author and other professionals may express different views. They may not be the views of Lambert Chapman LLP. The material in the article cannot and should not be considered as exhaustive. Professional advice should be sought in connection with any of the issues contained in the article and the implementation of any actions.