The latest budget introduces a range of measures that will impact the property landscape, particularly for landlords and property investors. For those in Bolton and Bury, partnering with Cardwells Estate Agents Bolton and Cardwell Estate Agents Bury can make navigating these changes easier and more profitable. If you’re a landlord facing these recent developments, Cardwells team of experts at cardwells.co.uk offers professional property management and advice, so you can put your investment property in safe hands.
Increased Stamp Duty on Second Homes: A New Challenge for Landlords
Effective from October 31, 2024, the stamp duty surcharge on second homes in England and Northern Ireland will rise from 3% to 5%. This hike could affect many landlords by increasing costs, especially those using buy-to-let mortgages. With rising pressure and an ever-demanding market, it’s essential to have a reliable partner like Cardwells Estate Agents Bolton and Cardwells Estate Agents Bury who can help you maximise returns on your rental properties despite new taxes. Visit cardwells.co.uk to see how Cardwells can help.
Capital Gains and Inheritance Tax: Long-Term Implications
Further changes in the budget extend the inheritance tax threshold freeze to 2030, with new rules impacting business and agricultural relief starting in April 2027. Additionally, a rise in Capital Gains Tax to 32% by 2025 affects landlords who may be considering selling. Cardwell Estate Agents Bolton and Cardwell Estate Agents Bury can help you understand how these changes could impact your investments and offer strategies for minimizing tax impacts. If you need professional rental property management in Bolton or Bury, reach out to the experts at Cardwells at cardwells.co.uk.
Investing in Affordable Housing and Property Safety
The UK Government’s allocation of funds for affordable housing initiatives, along with significant investments in residential safety and energy efficiency, could create a more competitive rental market. Cardwells Estate Agents Bolton and Cardwell Estate Agents Bury are well-positioned to advise landlords on meeting new standards, including energy efficiency and cladding safety measures, making your property appealing to a broader range of tenants and of course being safe and suitable for comfortable living for tenants
Increased Universal Credit Payments: Potential for Higher Demand
The budget’s increase in Universal Credit by approximately £150 annually for 5.7 million families may lead to increased demand in the rental sector. With more tenants able to afford rent, landlords in Bolton and Bury may see an opportunity to fill vacancies more quickly. Cardwell Letting Agents Bolton and Cardwell Estate Agents Bury are here to help you manage this demand effectively.
As the property landscape continues to evolve, relying on experienced professionals like Cardwells Estate Agents Bolton and Cardwell Estate Agents Bury can provide the peace of mind that your property is in safe hands. If you’re a landlord or property investor seeking expert advice, contact Cardwells at cardwells.co.uk today for unparalleled support in Bolton and Bury.
Cardwells Estate Agents Bolton and Cardwells Estate Agents Bury are available if you would like an up to date property valuation. We can provide an accurate valuation of your property for free and that may be a great place to start the process of potentially selling your property in Bury or Bolton, just put a few details in this form and we will go from there: https://www.cardwells.co.uk/sell-with-cardwells/
If you are considering selling a house in Bury be it through auction or traditional methods, letting a property in Bury, or selling a commercial property in Bury for example, Cardwells Estate Agents Bury are your ideal starting point for all your residential and commercial property needs. Just call Cardwells Estate Agents Bury on 01617611215, email; [email protected] or visit www.Cardwells.co.uk or pop your details into this form and we will call you back https://www.cardwells.co.uk/sell-with-cardwells/
If you are thinking of selling a property in Bolton via auction or a more traditional method, letting a house in Bolton, selling commercial property in Bolton, letting a flat in Bolton, letting a shop on Bolton, selling a house in Bolton for example, then Cardwells Estate Agents Bolton are your perfect Estate Agents in Bolton. Cardwells Estate Agents Bolton 01204381281, email: [email protected] or visit us at www.Cardwells.co.uk or pop your details into this form and we will call you back https://www.cardwells.co.uk/sell-with-cardwells/
Cardwells can introduce you to independent financial advisors who can help you find the best possible mortgage product for your upcoming move or remortgage. Just fill in the form here https://www.cardwells.co.uk/mortgages-financial-services/ and we will pass your details onto them.
Cardwells are the market leading estate agents in Bolton and Bury and are here to work for you and get you the best possible price for your home.
Cardwells Estate Agents Bolton:
01204381281
[email protected]
www.Cardwells.co.uk
Cardwells Estate Agents Bury
01617611215
[email protected]
www.Cardwells.co.uk
https://www.cardwells.co.uk/sell-with-cardwells/
