<p> The buy2let Shop reviews investment in residential properties as one of the best sources of regular income. Many people prefer investing in UK's buy-to-let property market instead of risking their money by investing in share market. </p><p> This move generally pays-off for buyers as they get some amount of money/income on monthly basis. But the amount of money you get is limited and very small. Therefore, the chances are that you may not like this fact. In such a situation, you would like to find a new way of turning your buy-to-let property for sale in London into a money-making machine. </p><p> In addition to this, being a buyer, you will also need to know about the following points in detail: • The best practices for landlords/investors to use their income to beat new buy-to-let rules • How landlords can avoid implications of "Hidden Mansion Tax" likely to affect the buy-to-let investors. • The process of converting buy-to-let properties for sale into a holiday stay for tourists for a short-term. • The possible consequences of the "Hidden Mansion Tax" and converting buy-to-let property into a holiday let for short-term. </p><p> Honestly, it will not be easy to talk about all of these four points in just one article. This is why we have decided to launch a series of articles to help you turn your buy-to-let residential property into a cash cow. </p><p> Let's begin with the discussion on the first point below: </p><p> The Best Practices for Landlords/investors to Use Their Income to Beat New Buy-to-let Rules? </p><p> Now, The Bank of England has introduced strict rules on buy-to-let borrowing. Property investment agents in London are of the view that these rules are to help landlords owning multiple properties. These new rules on the buy-to-let borrowing will help such landlords make use of their salary, investment income, and income in the form of pension for taking out a mortgage for buying investment properties in London. </p><p> The whole credit goes to the Bank of England's PRA (Prudential Regulation Authority). Landlords owning at least four or more buy-to-let properties will now have to abide by these new rules. This process initiated by the bank of England is known as Affordability Testing. • Property investment agents in London strongly advise landlords. Lenders or lending institutions to see the way this Affordability Testing actually works. • Private lenders and lending institutions will now have to take a closer look at the affordability level of investors applying for mortgage. Additionally, it will also be mandatory for them to assess interest cover ratios in full detail. • Some banks have initiated <a href="https://www.home247.co/%E0%B8%82%E0%B8%B2%E0%B8%A2%E0%B8%97%E0%B8%B2%E0%B8%A7%E0%B8%99%E0%B9%8C%E0%B9%80%E0%B8%AE%E0%B9%89%E0%B8%B2%E0%B8%AA%E0%B9%8C%E0%B8%A1%E0%B8%B7%E0%B8%AD%E0%B8%AA%E0%B8%AD%E0%B8%87-%E0%B8%AA%E0%B8%B8%E0%B8%97%E0%B8%98%E0%B8%B4%E0%B8%AA%E0%B8%B2%E0%B8%A3/" alt="ทาวน์เฮ้าส์ สุทธิสาร">ทาวน์เฮ้าส์ สุทธิสาร</a> the use of a system called "top Slicing". It is a good news for landlords who are ready for buying high value investment properties in London, offering low yield. It is a good way for investors to use EPI (External Personal Income) for making up for any shortfall. </p><p> Now here arise some very important questions: • Are top slicing deals available everywhere in England/UK? • Which Lenders are making use of Top Slicing while carrying out their affordability calculations? • How private lenders or other lending institutes reacted to the changes introduced in PRA? • What will be the buy-to-let criteria for landlords? • Is the choice for landlords going to reduce? • Which are the lenders not accepting applications from portfolio lenders? </p>
