Land Acquisition and Property Development CompanyLand Acquisition and Property Development CompanyLand Acquisition and Property Development CompanyLand Acquisition and Property Development Company
  • Home
  • About Us
    • About CPG
    • Our Guarantees
    • Covid-19 Policy
  • Our Services
    • Landowners
    • Property Developers
    • Property Consultancy
  • Acquisitions
  • Investors
    • Investing with CPG
    • Case Studies
  • CPG Blog
  • Contact Us

The Recent Budget Impact On UK Property Investment

    Home News The Recent Budget Impact On UK Property Investment
    NextPrevious

    The Recent Budget Impact On UK Property Investment

    By Harvey Raybould | News | 0 comment | 29 March, 2017 | 0

    UK budget impact on property investmentThis is an overview of the effect of the recent budget in the UK for existing landlords and those thinking of entering the buy to let property investment market. The real news from the budget on 8 March 2017 is that there is no news.

    Landlords in the UK already feel that they have been punished harshly by the government with the introduction of higher stamp duty for buy to let properties, and the scrapping of the mortgage tax relief by George Osborne.

    No Further Punitive Measures For Property Investors

    The latest budget did not impose any further punitive measures on landlords. This means that the buy to let property owner will not be suffering any more – well for a while anyway. The bad news is that there was nothing to make life any easier for those involved in buy to let property investment.

    Abolition Of Mortgage Interest Rate Relief Starts April 2017

    In July 2015 the abolition of the mortgage interest rate relief was announced and this comes into effect in April 2017. This was not discussed in the last budget. The majority viewpoint in property investment circles is that this change will do nothing for those who currently rent their homes. Landlords will have to increase rents to cover this cost.

    A similar policy was introduced in Ireland and this caused rents to soar. It got so bad that the Irish government had to repeal the policy decision. A similar outcome is expected in the United Kingdom. You would have thought that the UK government would have been aware of the Irish situation and learned from this.

    Stamp Duty Hike And It’s Effect On Property Investment

    Raising the stamp duty by 3% on buy to let properties was another of George Osborne’s bright ideas. He did this in an attempt to make more homes available for first time buyers. There was some expectation in the property investment world that this might of been abolished in the latest budget, but sadly it was not mentioned.

    The feeling is that this stamp duty surcharge has actually slowed down the housing market. It has been difficult for UK property investors in particular. With the Pound weakening over Brexit, those who can buy UK properties in Euros or US Dollars are coming out on top. UK landlords will have no choice but to pass the charge on to tenants.

    It doesn’t help either the property investor or the tenant.

    Delay In Digital Tax Returns

    In the budget it was announced that there will be a delay of 12 months before self employed people will have to submit their tax returns digitally. This is good news for landlords that are still using paper based records or spreadsheets for their accounts. They will need additional time to prepare for the change.

    Conclusion

    The buy to let market in the UK is still worth pursuing. Rents will rise and tenants will get used to this or policy decisions will have to be repealed. It is not all doom and gloom. The best way forward is to work with an expert in property investment so that costs can be kept down to an absolute minimum.

    That is where we come in at CPI. We can work with you and bring our experience to the table to ensure that your property investment is a success. Find out more about our “hands off” property investment partnerships by contacting us.

    No tags.

    Related Post

    • property investor mindset

      How To Develop The Right Mindset For Property Investment

      By Harvey Raybould | 0 comment

      So you want to be a property investor? Do you have what it takes? The truth is that everybody has what it takes to be a property investor. The problem is that they do notRead more

    • property investment business

      How To Build A Property Investment Business

      By Harvey Raybould | 0 comment

      Before you attempt to build your property investment business you should decide which property investment strategy is best for you. There are many different strategies that you can adopt and hear are a few examples:Read more

    • Interior Design Tips

      Top Interior Design Tips for Rental Property

      By Harvey Raybould | 0 comment

      One of the difficulties of renting is not being able to do whatever you want in terms of design… if you’re an interior design fanatic, it can be a bit frustrating watching those home makeoverRead more

    • low risk property investment

      Is There Really A Low Risk Property Investment?

      By Harvey Raybould | 0 comment

      The first thing to say here is that all forms of property investment carry risk. There is no such thing as a risk free investment. But there are strategies that are less risky than others.Read more

    • Kent Countryside

      5 Reasons to Live in Kent

      By Harvey Raybould | 0 comment

      Kent is getting more popular as more Londoners succumb to its charm and decide that commuting is worth it. But what charms exactly is Kent offering to these urbanites? Here are five of our favourites: UnparalleledRead more

    • hands free property investment

      The Lowdown On Hands Free Property Investment

      By Harvey Raybould | 0 comment

      Sounds great doesn’t it? You hire a property management company to manage the tenants in your buy to let property investment. You do not need to spend any time on this at all. But isRead more

    • How to Avoid Rogue Landlords

      By Harvey Raybould | 0 comment

      Rogue landlords can make the lives of their tenants miserable. But avoiding them isn’t so easy, based on the number of tenants that are complaining. Does it have to be that way? We don’t thinkRead more

    • risks of property investment

      What Are The Risks Of Property Investment?

      By Harvey Raybould | 0 comment

      It doesn’t matter what business you are in there will always be risks and property investing is no exception. There is no need to fear these risks, but you must be aware of them soRead more

    Leave a Comment

    Cancel reply

    You must be logged in to post a comment.

    NextPrevious

    Search


    Harvey’s Latest Book


    Blog Categories

    • Advice For Landlords
    • Business Testimonials
    • Commercial
    • Decorating and Design
    • Kent County
    • Land Acquisition
    • News
    • Property Investment
    • Residential


    Please Follow & Subscribe


    Recent Tweets

    • Do you feel “stuck in a rut” or dissatisfied with your life but believe there is little you can do about it?⁠Do y… https://t.co/fUKe1RC0u4

      9 hours ago
    • If you are trying to find land acquisition companies to sell your land then there are a few important things that y… https://t.co/CoLEAWvUK6

      2 days ago
    • What's your definition of becoming wealthy? Do you agree that buying real estate will eventually make you a wealthy… https://t.co/lZ9qWYfwqA

      5 days ago

    OUR MEMBERSHIPS…

    Registered in England and Wales No: 09252187

    OUR LATEST NEWS…

    • land acquisition companies

      Land Acquisition Companies What You Need To Know

      If you are trying to find land acquisition companies to sell your

      24 January, 2021
    • property investment predictions 2021

      Property Investment Predictions For 2021

      Due to the uncertainty of 2020, property investors are likely to treat

      31 December, 2020

    OUR CONTACT DETAILS…

    Creative Property Group
    Letraset Building, Wotton Road, Ashford, Kent, TN23 6LN

    Phone Number
    0800 488 0027

    Email Address
    [email protected]

    Click here for our Covid-19 Policy

    © 2021 Creative Development Services Limited | Land Acquisition and Property Development Company | Privacy Policy | Terms and Conditions
    • Home
    • About Us
      • About CPG
      • Our Guarantees
      • Covid-19 Policy
    • Our Services
      • Landowners
      • Property Developers
      • Property Consultancy
    • Acquisitions
    • Investors
      • Investing with CPG
      • Case Studies
    • CPG Blog
    • Contact Us
    Land Acquisition and Property Development Company

    COVID-19 Update and Cookies

    The team at Creative Property continue to work from home where possible and ensure we comply with current government and public health guidance to help keep everyone safe and well when out on site. Cookies help us to improve the service we offer you. For more info on our cookie policy please click here.