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|Budget response from Jonathan Seathey, Hope Capital|
|Wednesday, 08 July 2015|
Responding to today’s budget, Jonathan Sealey, CEO of Hope Capital, reflects on the impact of corporation tax cuts and national insurance employment allowance on companies using bridging finance:
He says: “Buy to let accounts for 18 per cent of new mortgage lending and is a growth market for bridging lenders. However, the question right now is whether the blow for UK buy to let landlords will also potentially affect property stocks and houses builders? We could potentially see landlords selling off some of their portfolio if tax rates become too onerous or finding other ways to invest in property.
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