Although there is no doubt that Brexit effect is being felt, the ensuing cabinet reshuffle and appointment of key ministerial positions does raise important questions, not least on the potentially contentious subject of Landlords and lettings.
The announcement of Philip Hammond as Chancellor has been welcomed by Landlords currently hit by the stamp duty and wear and tear taxes. Hammond himself is a buy to let Landlord. Meanwhile, Gavin Barwell has been appointed Minister of State for Housing and Planning as well as Minister for London.
At Strawberry Star we look forward to hearing more of what this new appointment means for housing (and await the longed for changes to tax law). We pride ourselves on being market leaders when it comes to getting both Landlord and tenant the best possible deal without compromising on corporate governance.
Our letting fees are transparent, as is our commission structure and we are committed to our fresh approach. Whether the same can be said of our new government remains to be seen.
The new Chancellor appointed by Prime Minister Theresa May has been ‘outed’ as a former buy to let landlord - raising hopes on social media that he might modify some of the tax changes hitting the sector. Philip Hammond was the subject of speculation on Twitter over the weekend that he might scrap or at least soften some of the mortgage interest relief, stamp duty and wear and tear allowance changes made in the past two years by George Osborne.