Help on the way for first time buyers

There’s a whole legion of wannabe Boston first-time buyers keen to get on the property ladder and they now have a 3% price advantage over the previously quicker responding army of Boston landlords with cash at the ready. Since the start of April, buy to let landlords have had to pay an additional 3% stamp duty so whilst demand from some Boston buy to let landlords has dropped away, in the interim, it offers Boston first time buyers (FTB’s) a chance to fill the vacuum with less competition from cash rich landlords (over two thirds of BTL properties were purchased without a mortgage in the last 7 years) who could bid more and complete quicker. Continue reading “Help on the way for first time buyers”