Why the property market could be in trouble after the 2015 election
Help to Buy: on borrowed time?
If there was one winner from the Budget, it seems to have been property.
Chancellor George Osborne has extended part of the ‘Help to Buy’ scheme all the way until 2020.
No wonder. He wants to be as sure as he can that the current property bubble (or recovery, depending on which part of the UK you’re in) lasts until the general election in May.
But I wouldn’t rush out to stick all your newly-freed pension money into buy-to-let.
You see, ‘Help to Buy’ comes in two parts, and the extension does not apply to the most aggressive part of the scheme.
On top of that, Osborne also announced a sting in the tail that could hit central London property hard…