Independent Financial Life Planners Bishop's Stortford: Conservative victory housing market views

Monday, 11 May 2015

Conservative victory housing market views

In the light of the election Enable’s IFA’s in Bishop’s Stortford are keen to help clients understand what the housing landscape may look like. If Labour had won they had pledged to scrap stamp duty for first-time buyers purchasing homes worth less than £300,000, which many suggested would result in boosting demand but not increasing supply, leaving borrowers “worse off” because house prices are still likely to rise.

The Tories however have promised to expand Right to Buy to 1.3 million housing association tenants as well as introducing a Help to Buy Isa to help borrowers save for a deposit, as revealed in the last Budget. They have also pledged to build 200,000 homes for first-time buyers aged under 40 at 20 per cent discount and create a £1bn brownfield regeneration fund to unlock sites for 400,000 homes.

“There are clearly a number of positives for the housing and mortgage market from this Conservative party victory,” says Fleet Mortgages chief executive Bob Young “not least the fact that the Tories tend to be far less interventionist than the Labour party which means they are unlikely to meddle in the housing market.”

Countrywide chief executive Alison Platt says “We anticipate this Conservative led Government to turn its attention from implementing policies that stimulated demand in the housing market to addressing the lack of housing supply. Sticking to its pledge to boost housebuilding through the provision of more affordable housing and more garden cities should prove welcome.”

Issued by: Enable Independent Financial Life Planners  25c North Street, Bishops Stortford, Herts CM23 2LD  Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.  It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.