Landlords Budget Predictions ( should we look away now? )

Landlords, it's that time of year again. It's BUDGET time.

So what is our darling Alistair going to conjure up this time?

One prediction in the Times is slightly worrying for landlords considering the current flooded rental market.

Andrew Stanford, of Cluttons, the chartered surveyor, believes there might be an announcement of plans to finance thousands of new homes to rent. He predicts that the Chancellor might encourage pension funds and insurance companies to invest in a large-scale build-to-let programme, by offering a guaranteed 8 per cent gross yield for a fixed period.

The aim of which would be to try to revive the housebuilding industry, Mr Stanford speculates “As other government initiatives to stimulate the supply of housing have failed to produce anywhere near the number of properties needed, the Government must listen closely to those in the industry who know what it will take to attract institutional funds.”

With the current flood of rental property market keeps a downward pressure on rental amounts, this is not necessary great news for landlords in the private rental sector.

Read more predictions on the budget in the Times.
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