BPF Reaction to Spring Budget 2024

Reacting to today's Budget, BPF Chief Executive Melanie Leech said:

'There’s little in today’s Budget for our sector to cheer about. Further devolution deals are welcome as are the announcements of support for delivering more homes in a small number of places, but this falls far short of a bold strategy for delivering the homes needed across the country.

'Abolishing SDLT multiple dwellings relief will hit the build-to-rent sector at a time when the Government should be doing everything in its power to encourage more long-term investment into professionally managed rental homes. This will hinder rather than stimulate the efficiency of the housing market.’