Little impact for Landlords from 2014 Budget

George Osbornes 2014 Budget was announced today announced by the BBC as having "Tax changes to boost pensioners and savers". Mr Osborne said his statement would be “a Budget for building a resilient economy”. However how much of this will impact, either positively or negatively, for landlords and property professionals? Key Housing market points: Housing market is under scrutiny to avoid a bubble. House building is up 23%. Finance being offered to smaller house building firms - £500M fund being opened to small developers. Finance being made available for people to build their own homes. Regeneration of run down council estates. Extending Help to Buy until 2020. New homes to be built in the South East including 15,000 new homes in Ebbsfleet. Stamp duty thresholds not mentioned Stamp duty on homes worth more £500,000 to rise to 15% for those bought by companies, as part of tax avoidance measures Buying...
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Positive Signs in UK Buy to Let

Buy to let has been getting some excellent press recently and it is easy to see why more and more individuals are turning to buy to let to provide for their financial futures.
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Will government plans to tackle the lack of affordable housing be enough?

The government has unveiled big new plans to get the housing sector back on track. A lack of affordable housing paired with a lack of substantial and sustained building and development has created a shortfall in availability whilst demand grows year on year. Under the plans, approximately 450,000 new homes will be built by 2015 and a great deal of these will be affordable housing. The plans aim to lend a much needed boost to an industry that has fallen to its lowest completion rate for decades, with investments and financial support for new schemes in the private and social housing sectors. New home project A £400m initial investment to build up to 16,000 new homes on previously stalled projects is earmarked to start by July 2012, but only 20% of this new stock will qualify as affordable housing. With up to 1.8 million households sitting on the waiting list...
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New homes mortgage rates at their most affordable

The Council of Mortgage Lenders (CML) has reported that new homeowners in May only spent 9.5 per cent of their income on interest payments.
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