Rishi’s Summer Statement is good news for Buy-to-Let

This week, the chancellor offered some temporary relief from the ravages of the additional tax burdens shouldered by landlords and investors over the last few years, for those that can still afford to invest.

Highlights are:

  • Full SDLT Exemption for purchase prices up to £500,000 until the end of March 2021
  • This includes waiver of the second home additional tariff of 3% up to the same amount
  • Subsidies of up to 2/3 of the cost of home energy efficiency improvements, chiefly
    • Loft Insulation
    • Double Glazing
    • Cavity Wall Insulation

Read more about it here…

These are all welcome steps to improve the housing stock standards and boost the economy through property transactions.

Unfortunately nothing here to support landlords without the means to take advantage of this, but for those that can, the perfect opportunity grow and improve your real estate asset base.

However, if you are lucky enough to be operating your property through a limited company structure, then an excellent funding vehicle for your improvements and purchases is the Covid-19 Bounce Back Loan Scheme, which will lend you up to 25% of your company turnover, interest free for Year 1 and no redemption penalties.

Happy Saving!

News: Godwin Developments announce major Bolton project

Godwin developments Botlon Site

Stuart Pratt, group development director for Godwin Developments said: “We are really excited to have secured this prime site in central Bolton. The Bolton Masterplan presents impressive opportunities for investment and property development in this fast-growing Northern town, which is set to attract over £1 billion in public and private investment while creating 7,400 jobs.

“Our aim is to work closely with all local stakeholders, particularly Bolton Council and the wider community, to deliver a scheme that will enhance and support the considerable regeneration planned for this area, while also strengthening our growing footprint in the North of England.

Taking control of risk

I want to change an industry for the better, and help you make informed buying decisions. It’s no easy task and I need to know what you think.

When you’re looking to make investments in off-plan property or alternative investments, understanding the risks can be the most important consideration of all.

When you buy traditional property, you have a team to help with this: a solicitor, a surveyor and a mortgage lender. BUT, when it comes to alternative investments no independent help is readily available, and certainly not at a sensible cost.

There are some excellent investments out there, but what is missing is a no-nonsense, easy-to-digest report to help you make a truly educated and informed decision.

My mission is to offer you that very service at low cost. It won’t sell you an investment – there are many brokers that can do this; it won’t give you investment advice – I believe you are free to decide for yourself. What I will give you is valuable insights into the investment, the people behind it, and any issues that you should be aware of.

Each report will show the upside, the downside, the outside and the inside of that investment, working exclusively for you the investor.

I need your help

This quick survey will take less than a minute of your time and give me a valuable insight into how best to serve you. I won’t use your answers for anything else (you can even give anonymous answers if you wish).

As a big thank-you, you have the chance to become a Founder Member: join Diligent Eye for NO monthly fee, forever.