Comment on The Budget from Mark Tosetti, Group Partnerships Director at Movera, a group of home moving businesses including ONP Solicitors

Please find below a comment from Mark Tosetti, Group Partnerships Director at Movera, a group of home moving businesses including ONP Solicitors, on today’s Budget:

Mark Tosetti, Group Partnerships Director at Movera, a group of home moving businesses including ONP Solicitors, said: “The Budget was light on specific help for homebuyers and we would have liked to have seen much more done for first time buyers, including enabling affordability. However, other measures in the Budget show that the Government is at least aware that the UK housing market is key to growth. These include the Chancellor’s reduction in the higher rate of property capital gains tax which will generate more transactions. The scrapping of tax breaks, which make it more profitable for second homeowners to let out their properties to holidaymakers rather than to long-term tenants to rent, may indirectly help affordability. Our focus will continue to be on helping those looking to move or remortgage this year.”

Published: 06 March 2024