Housing: Budget 2018 in Brief from HM Treasury

October 30, 2018

Housing: Budget 2018 in Brief from HM Treasury

The Budget sets out the steps being taken to keep the government on track for housing supply to reach 300,000 a year.

Further steps announced at the Budget include: A new Help to Buy Equity Loan scheme that will run from April 2021 for 2 years.

• Extending Stamp Duty Land Tax relief for first time buyers to purchases of all qualifying shared ownership properties

• Further investment to deliver more homes, including an extra £500m for the Housing Infrastructure Fund

• Confirming that the Housing Revenue Account cap that controls local authority borrowing for house building will be abolished from 29 October.
The Welsh government is taking immediate steps to lift the cap in Wales.

Read the Budget 2018 in Brief in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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