Turn and face the strange of 2016
Posted by: Titlesolv
2016 was certainly a year of Changes, to quote singer/songwriter David Bowie, whose death in January was for many a portent of the tumultuous year ahead in the political and economic spheres. The three per cent rise in stamp duty on second homes and buy-to-let purchases was greeted with some dismay, particularly as the government's initial consultation had suggested that there could be an exemption for investors buying 15 or more properties.
Funding dilemmas
Posted by: Titlesolv
The post-Brexit property market is proving to be unpredictable with all involved taking precautionary steps to guard themselves against any potential longer-term fallout. Following three years of growth the housing market had already been slowing in the months leading up to the referendum. The result certainly did not improve its fortunes. Perhaps unsurprisingly in the aftermath of the referendum result, the FT reported that homebuyers were now ?assessing the potential impact of the vote on house prices?.
Stamp Duty Land Tax (SDLT) clarity comes at a cost
Posted by: Titlesolv
The three per cent rise in stamp duty land tax (SDLT) on second homes and Buy to Let properties introduced in George Osborne?s budget have been in effect since the beginning of April. The rise in SDLT was met with dismay among market commentators at the time of the announcement due to its likely impact on the private rented sector (PRS) ? with no exemption being provided to large-scale investors.
Further blows for Buy to Let
Posted by: Titlesolv
George Osborne's budget brought mixed news for the property industry. The predicted 3 per cent uplift in stamp duty land tax (SDLT) on second homes and buy-to-let properties will not have come as a surprise to many.
Buy-To-Let Transformation
Posted by: Titlesolv
It's been a bumpy ride for the buy-to-let market as the government, through various measures, attempts to slow down a sector dominated by private landlords. The intention is an honourable one as it aims to ease the housing shortage while increasing home ownership. Approximately 1.4 million people in the UK are currently landlords, and many may now need to reconsider their investments as the introduction of universal credit together with other changes put increasing pressure on them.
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