Buy-to-let investors took a hidden hit in the Autumn Budget

Buy-to-let investors took a hidden hit in the Autumn Budget

Chancellor Philip Hammond’s Autumn Budget contained more bad news for many buy-to-let investors which went largely under the radar. Next April will see the next step down in mortgage interest relief for investors in buy-to-let (BTL) residential properties when the amount of interest which can be offset against rental income drops from 75% to 50%, with a corresponding increase to 50% in the element that qualifies for a 20% tax credit….