Letproof Blog

Letproof Blog

Welcome to the Letproof.com blog. We aim to bring you up to date on things happening in the property market.

 

Today saw the announcement of the 2017 budget - but what came of it for the UK’s housing crisis?

 

Theresa May had claimed to ‘personally’ take charge of the housing crisis, does the budget announced by her Government live up to this promise?

 

The housing headlines:

 

  • Remove barriers to longer-term tenancies and encouraging landlords to offer this security for those who want it

 

  • 28 million invested in ‘housing first’ pilots

 

  • A Homelessness taskforce to halve homelessness by 2022 and end it by 2027

 

  • Proposed 300, 000 new homes a year

 

  • Stamp duty no longer to be paid by first time buyers on purchases up to  £300,000 and between this and 500,000 will be charged for that over the threshold.
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