Buy to Let Surge in Sales states HomeHouseBuyers.co.uk

LONDON - March 9, 2016 - PRLog -- Estate agents and surveyors are seeing a buy to let surge in sales from investors which have seen house prices rising. This is due to buy to let investors facing a 3% added charge on top of the original stamp duty cost which comes into effect in April this year. The problem investors have is that there's not enough stock on the market to meet demand to beat the April deadline which is pushing up the price of investment properties, figures from a hand full of lenders have shown a sharp increase of buy-to-let mortgages being taken out in recent months which in their opinion is due to the stamp duty surcharge.

A survey carried out by RICS has shown that new buyer enquiries rose for the 10th month in a row in January, the survey has found that in December and January has seen a buy to let surge in sales and have predicted that February and March are going to see even more activity as investors clamber to get these properties through before the April cut-off. Experts predict that investment properties over these next two months are going to fetch a premium before the cut off with prices expected to continue to rise, if you are looking to sell house fast it's a good time to go to market. The survey also revealed that the buy to let surge in sales to rise by 74% before April, this is due to the lack of properties going onto the market.

We also think that we are in unchartered waters when the tax changes come into effect in April 2017 for the buy-to-let industry. This is going to see investors dumping stock to trim down their portfolios or to totally leave the marketplace as the tax implications start to bite.

The auction houses are currently seeing a rise in houses they have to sell due to the buy to let stamp duty issues. Allsop auction house based in London, has over 300 properties on its books for the next auction on February 18, up from 255 this time, one year ago. In the past year, due to the abolition of mortgage interest relief for landlords and the anticipation that buy-to-let landlords would want to purchase properties before the end of the financial year thus avoiding any penalties.

This surge in buy to let surge is most likely to create an influx of stock on the open market with the ultimate goal of driving house prices down. So what does this mean for you the house seller? Well, more than likely it will affect the value of your property as well as potentially spending more time on the market due to overcrowding.

Rather than wait for this to happen, it's best to avoid the chaos and sell before the price fall. Here at http://www.HomeHouseBuyers.co.uk if your need a sell house fast service. Here at Home House Buyers we can complete on your property in a matter of weeks and we cover all the fees throughout the process as well.

If you need to sell house fast then you can call a member of our team today on 0800 612 1366 for a FREE no obligation cash offer on your property today. We cover solicitors’ fees, survey costs and even the cost of the EPC. As a cash buyer, we can offer you a guaranteed sale with no fees to pay from start to finish.