Yesterday in the Houses of Parliament Mr George Osborne, Chancellor of the Exchequer, delivered his Budget 2016 speech and many people have been shocked by the statements made.
Landlords are outraged after the chancellor’s continuous assault on the buy-to-let sector. Gone is the suggestion of investors with more than 15 properties being exempt from the heavy 3% stamp duty surcharge. It’s starting to feel like it’s not a good time to be an investor in the private rented sector.
Or is it?
Landlords – change your angle. Instead of buy-to-let choose build-to-rent. Mr Osbourne stated there would be more public sector land released for housing. On top of the releasing the land enough for 160,000 new homes in the 205 Autumn Statement, land for a further 160,000 more homes has been promised in the 2016 Budget.
At Benfield ATT our Build2Rent scheme is already up and running. The benefits are numerous for landlords and investors. Save money on stamp duty and VAT, meet new legislation for energy efficiency in rented homes and gain more long term investments.
There has never been a better time for growth in Build2Rent – find out how Benfield ATT can help you today – read more about our scheme here or call us directly for more information on 01291 437050.