1. How will the stamp duty changes affect landlords?
BTL has taken its fair share of flack recently due to changes in legislation, increased regulations and removal of tax benefits but that doesn’t mean tenant demand has reduced. Actually, demand continues to increase!
Hopefully the saving should see an increase in new landlords to replace those who have exited the market over the past couple of years!
2. Buy-to-let mortgage market showing signs of recovery
We continue the positive news for the ‘good old’ BTL market as products available now steadily increasing towards pre-lockdown numbers. Team that with the reduced number of low deposit products for residential buyers and the SDLT saving, it could be a great time to be looking for those property bargains!
3. Green Homes Grant announced to improve energy efficiency
The drive towards our 2050 carbon neutral target continues with Rishi’s (Sunak) new Green Homes Grant. Slightly disappointing for those landlords who may have invested substantial amounts of money to ensure they met last April’s EPC minimum rating of E target for all domestic rentals! Although now they may be able to get that much needed new boiler installed!
4. Sales agreed returns to positive territory as the RICS records a market rebound
Further evidence to suggest a short time bubble before the reality of the situation sets in. I have been speaking with a number of Agents recently who are feeding back that whilst sales are being agreed, fall throughs are also become more prevalent. Surveyors are surveying ‘cautiously’ and lenders are starting to tighten up their criteria. Current signs seem to be positive but the long-term prognosis isn’t so good!
5. 26 Fun Summer Activities & Ideas to Keep Your Kids Busy on a Budget
Being married to a teacher fortunately comes with its advantages and one of those is the creativity and imagination for keeping the kids occupied without the urge to just sit them in front of a screen. We’ve managed to tick quite a few of this list during lockdown and with summer holidays just around the corner, I’m sure we’ll be ticking a few more off over the next couple of months!
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