8 Sep

Landlords tipped to benefit from stamp duty change

Landlords tipped to benefit from stamp duty change

Buy-to-let landlords may be among the biggest beneficiaries of the new stamp duty holiday announced last week by chancellor Alistair Darling, it has been suggested.

Mortgage broker Savills has suggested that the raising of the lower duty threshold from £125,000 to £175,000 will be a "win-win" situation for buy-to-let investors, the Financial Times reports.

Savills director Melanie Bien told the paper: "It is surprising that the government has included all residential property in its stamp duty holiday, including buy-to-let."

She added: "I think many landlords did not expect for a moment that it would apply to them."

Investors are expected to gain by targeting property at the lower end of the market, which will now include more homes following the stamp duty change.

The average UK home price is now lower than the threshold, the latest Halifax house price figures indicated last week, falling to £174,178.
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