Crowd controlled: Budget 2016
Oh joy: it's that time of the year again when the Chancellor of the Exchequer stands up at the dispatch box in the House of Commons to announce his Budget. Which means that this month — on 16 March, to be precise — we'll know what George Osborne has in store for the property sector. Unusually, the Treasury has crowdsourced this budget by asking members of the public to submit their own tax and spend ideas via a website. So we'll see how many of those get through...
The other big news is the European referendum, which David Cameron has announced will take place on 23 June. The big unfathomable question is: what will happen to UK property prices if there's a Brexit?
NEWS: Good to share
New year, new deal. The Government has announced that it is relaxing the rules of shared ownership — homes which people can part-buy and part-rent — so that, from April, those earning below £80,000 in England (£90,000 in London) will be eligible for the scheme. “By relaxing some of the existing restrictions, a potential 175,000 aspiring homeowners will be given the opportunity to own their own home, as well as allowing existing shared ownership homeowners the opportunity to step up the ladder,” says Mark Hayward, managing director, National Association of Estate Agents. “However, as with all housing promises, they can’t come quick, or big enough.”
The Government also announced that it is imposing a five-year limit on new tenancies for council houses, meaning that tenants will no longer have the right to live in their council homes for life.
Whether you’re a first-time buyer, upsizing, or relocating, we’ll help you make smart decisions and avoid common pitfalls—all with local insight and honest advice. Register with us today.
"*" indicates required fields
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
