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Wednesday, March 27, 2013

'Help to Buy' BTL?

There still seems to be a little head scratching as to what the Help to Buy scheme will do.

The chances that dastardly landlords might opportune from the scheme was thrown around on its initial announcement, but unsurprisingly that seemed a bit of Labour scaremongering.

BTL is not covered by the scheme.

There has been talk of using the scheme to invest in holiday homes -

Arnaud Bertrand, of HouseTrip, said: “Investors may want to examine the Help to Buy scheme as an option if they are looking to purchase a holiday home and secure a good return on investment. Short-term letting secures more income for a property owner than renting out long term, so the fact that a buy-to-let option is not permissible should not prevent anyone from considering this opportunity.”

But whether this is an opportunity, I'm not sure.

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