Budget 'will see new tax incentives' - buy to let mortgages

19 March 2009

A range of fiscal measures aimed at boosting the property market are likely to be unveiled in the Budget next month, it has been predicted.

Looking ahead to Alistair Darling's speech, the editor of Property Investor News Richard Bowser said that the phase in which monetary policy has been used to try to boost the sector is now at an end.

Forecasting that tax will now be the focus of policy measures, he stated: "It is likely that from a fiscal point of view, for a year or two, the government will announce in the Budget a whole series of incentives."

Such a situation might create new incentives for those seeking buy to let mortgages to make more investments.

Stamp duty could be one possible area Mr Darling may consider addressing.

The abolition of the tax for residential property was recently advocated by the Association of Mortgage Intermediaries.