As with a number of these novel financial products they are usually a little behind the game. Let me explain; there is an uneasy feeling amongst developers and investors alike that speculative acquisitions bought in London could be in line for a bruising.

A survey of the various show flats of a number of new developments across London will demonstrate that buyers in certain price ranges are ‘thin on the ground’, particularly, at the higher price range and discounts from asking prices are more the ‘order of the day’ than anything else. Continue reading →

Our esteemed Chancellor clearly needs a ‘bit of a rest’ over the Christmas holidays since it appears that he has got a ‘bee up his nose’ in respect of Buy-to-Let investments.  What on earth is going on at number 11 Downing Street? Perhaps he needs a back rub and some chamomile tea, to calm him down.

His first anti Buy-to-Let initiative was limiting Tax Relief to the lower Tax band on rental income that will ‘bite’ in 2017. Then, his second move was to impose a 3% Stamp Duty Tax Premium on Buy-to-Let investments in the last Autumn Statement and, as if this were not enough, he has now proposed two more impositions on this sector. Continue reading →