Landlords diversify portfolios to beat property tax reform

Private landlords are looking to diversify their property portfolios to alleviate the effect of new regulations and tax reforms, according to One Savings Bank. The bank, a specialist lender with a focus on landlords, has revealed that 51% of brokers have been contacted in the past six months. Fourteen% were asked about buying commercial property, which will not be affected by reforms to mortgage tax relief. Most enquiries, 56%, were about buying homes that can be let to three or more tenants, to gain more revenue than having one tenancy agreement. Click here for the full Times article (£)