What a ride 2015 has been for landlords owning residential investment property, or wanting to do so.

The year started with property prices climbing and the number of people renting growing, so yields were increasing and expectations went to giddy heights.  It’s a good view from up here!

And then came the Chancellor’s new tax arrangements which are anticipated to slowly strangle middle class landlords, taking until 2020 to do so.  Didn’t the media love this, talking about landlords offloading property causing values to plummet and pointing out that equities were a better investment than property.  Now the buy-to-let ride was hurtling down hill at a rapid rate.

But wait!  Lenders responded by reducing interest rates, catering for previously neglected niches (such as first time landlords, professional landlords or those with low deposit and /or income)  and suddenly the ride is back on the up.

In truth, nothing has changed.  Buy-to-Let should never be seen as a quick road to riches.  Sums have to be done carefully on each project before any purchase is entered into, (taking into account any tax rates and regulations) and mortgage finance has to be carefully selected.

That is how it should always have been done.