Experience Invest

Nick Morrey, product technical manager at John Charcol, said he had seen examples where people were avoiding any kind of property transaction based on the fact there could be some changes to the market in the near future. He said: “It’s putting uncertainty into the housing market and causing people undue amounts of stress on a political whim. “They should not be talking about this until it’s going to happen and there’s a date set. They need to stop vocalising their ideas until they have decided.”

This adviser sentiment is backed up by research from Experience Invest, which polled 1,000 property investors and found 59 per cent were waiting for the 2019 Autumn Budget before pressing ahead with their plans.  The research also found 55 per cent were waiting on the outcome of Brexit while 52 per cent were monitoring properties they wanted to purchase but were waiting to see if prices fluctuated.  Mr McCudden-Hughes thought although the decision to wait could be considered risky as the landlord buyer could lose out on a suitable property by waiting, it could also end up being an “incredibly wise” move if stamp duty is reduced and saved the buyer thousands of pounds.

He added: “You can see both sides of the argument. It can be frustrating — especially when someone gives it a lot of talk like Boris Johnson.  “He says a lot of things that may not come to anything and it can create a false sense in the market.”

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