As the vaccination roll out momentum continues, the recent 2021 Budget gave another positive injection to the housing market, creating another surge in demand from buyers as the Stamp Duty holiday was extended.
There was also some relief for landlords as Capital Gains Tax remained unchanged for the time being – there were fears that higher rate tax payers would be hit with further taxation. This would’ve severely impacted on the supply of rental properties, which are already at a worrying low level.
Outside of the budget it was a mixed picture for landlords this month, with a further extension to the ban on bailiff evictions, but really positive news from insurers, as the brakes are taken off some rent guarantee products, including our own. This means better cover for landlords, giving greater peace of mind at a time when the short term future for many tenants is uncertain.
The lettings market remains incredibly busy, and you should certainly consider us if you’re not currently on the market with us – we want to help and we’ll put our money where our mouth is.
If we don’t let your property in 14 days you won’t pay any management fees for six months. Let us help you, so please do get in touch.
Have a great month!
Jason Bunning, Managing Director of Lettings