The Society of Mortgage Professionals has revealed plans to deliver a CPD event programme dedicated to the buy-to-let sector.
The campaign will begin next month with a series of five regional roadshows. They will include a keynote session on complex buy-to-lets and how to cater for the needs of today’s portfolio landlords, delivered by Connect for Intermediaries chief executive, Liz Syms.
The roadshows will be complemented by a webinar, on 26 October, featuring Legal and General Mortgage Club director, Jeremy Duncombe, who will provide an overview of the current state of the buy-to-let market, followed by a specialist briefing by David Kilshaw, tax partner at Ernst & Young’s private client group.
To complete its buy-to-let focus the society has just confirmed three specialist workshops: in London (25 October), Leeds (27) and Birmingham (28).
The full-day sessions will examine the current buy-to-let landscape in detail. Practical examples will be used to equip advisers with knowledge on taxation rules and the calculations involved. They will also explore the likely impact of all the buy-to-let changes on first-time buyers and other areas that are of interest to advisers in the current climate.
The roadshows, webinar and workshops are available to both members and non-members.
Lee Travis (pictured), the Society of Mortgage Professionals’ head of professional development, stressed the need for advisers to be able to accurately assess a buy-to-let client’s situation and the importance of seeking specialist tax advice.
“Buy-to-let has gone through some very significant changes this year and we do not think we have seen the last of them,” he commented.
“From 2017, higher and additional rate tax-paying landlords will no longer be able to claim full tax relief on the interest payments made on their buy-to-let mortgage. Although this will be a phased adjustment and not fully implemented until 2020, it is vital that advisers are aware of what’s on the horizon, as advice given now could have huge ramifications on a client’s future tax position.”