Budget 2013

Pair of glasses on desk

After suffering under the 2012 budget, the property sector was a surprise winner under this year’s budget. The main points of interest to the industry were:

  • Help to Buy scheme offers buyers who have a 5% deposit an interest free loan of up to 20% of the value of most new homes.
  • A £12bn government guarantee to lenders scheme in an effort to support £130bn of high loan to value mortgages.
  • Consideration is being given to the relaxation of the rules governing Self-invested personal pensions (SIPPS) Until now, residential property was not permitted in SIPPS

For more information on the budget visit HM Treasury


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RTM does not extend to managing the shared estate facilities.
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Since its introduction by the Commonhold and Leasehold Reform Act 2002, many leaseholders have acquired the right to manage their
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