In this video, Brett Alegre-Wood overviews the UK Budget 2013 and makes a property investment analysis. Rather than go line by line he summarizes the important bits for investors in the UK and abroad.
The 2 main things in the budget for investors is the Help to Buy Scheme which provides £3.5bn to help people get on the ladder and the £ 130bn Mortgage Guarantee that will help mortgages be more affordable and lenders be more at ease with lending at higher loan to values. Both programs should be a success...
This budget is a largely neutral budget, what is saved is spent... the chancellor is preferring to allow the natural market forces and time to solve the problems.
The summary is somewhat reminiscent of last years summary. Steady as she goes. Nothing in the budget should worry us nor would we jump up and down with excitement either.
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