
Stepping up and stepping in to support first-time buyers
Michael Conville of Newcastle Building Society discusses the lack of Government support for FTBs and how the society aims to help.

Michael Conville of Newcastle Building Society discusses the lack of Government support for FTBs and how the society aims to help.

This will be in collaboration with the change in taxation for holiday let landlords recently communicated in the Spring Budget.

Bob Hunt, chief executive of Paradigm Mortgage Services, shares his thoughts on Government policy, or lack thereof, regarding the PRS.

In its survey of 833 property professionals, the majority said that they were disappointed in last week’s Spring Budget.

Steve Cox, chief commercial officer at Fleet Mortgages, remarks on this week's Budget, and shares how it will effect landlords and the PRS.

Keith Young, managing director of Broker Conveyancing, reflects on the Budget, and it's impact, or lack thereof, on the mortgage market.

As struggles with affordability continue to ravage both the residential and buy-to-let sector, professionals have called the Budget “missed opportunity” to provide much needed support for mortgage holders.

To alleviate current pressures upon business owners, the Government pledged to provide £200m in funding to extend the Recovery Loan Scheme as it transitions to the Growth Guarantee Scheme.

In a bid “to make the tax system work better for local communities,” Hunt abolished the furnished holiday let regime.

In a bid to “encourage more people to invest in UK assets”, the Chancellor introduced a ‘British ISA’.

Vowing to level up opportunities across the generations, Hunt said that the current government was committed to “building houses for more young people.”

Prioritising “lower taxes and higher growth”, Hunt remained positive regarding economic outlook, “despite challenging economic headwinds.”
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