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Selling your property?

Cole Rayment & White are long established in the North Cornwall region and well known as Estate Agents and a Self-Catering Holiday Letting specialist agency. Should you wish us to contact you regarding the sale of your property, please advise your details here

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Cole Rayment & White’s analysis and verdict on the summer Budget

Three major changes to the property market:

Inheritance tax will be cut from 2017 for properties worth up to £1million

The amount Buy To Let landlords can claim as relief on mortgage interest payments will be capped at the basic rate of 20%

The amount homeowners can earn by having a lodger will be increased to £7,500 per annum tax-free

 

Jeff Cole

Jeff Cole, from Cole Rayment & White explains how changes announced in the summer Budget could impact the sales and lettings markets in and around Wadebridge, Rock and Padstow.

"On 8th July, Chancellor George Osborne delivered his summer Budget, the first solely Conservative spending plan for almost 19 years. Mr Osborne echoed the Conservatives election pledges last month to tackle the UK’s housing shortage and aid first time buyers onto the housing market, before announcing three major changes to the property market aimed at changing the unpopular inheritance tax thresholds and creating a more balanced playing field for homeowners and Buy to Let investors."

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