Government changes for investors with buy to let properties has led many to question if it’s still the best investment opportunity and what other alternatives are available. After the last budget, Chancellor George Osborne made changes to stamp duty on second homes which made investing in properties less lucrative. The move was made to help first time buyers purchase their first property, but in doing so, it’s turned investors away from paying for a second home for investment purposes.
The lender, Paragon, has stated this week that their buy to let products have slowed considerably as a 3% premium on stamp duty, which was applied from 1st April 2016, came into effect.
Consequently, what should people with savings invest their money into for the best returns? What investment opportunities exist which aren’t in the buy to let market?
Alternative Investment Opportunities
As investment experts at Pivotal Financial, we believe there are a number of alternative investment opportunities which are showing exceptional returns on investment. Certainly, many alternative investments are more profitable than buy to let as additional charges continue to be levied.
Some of the more lucrative investment opportunities which exist, include:
- Pensions
- Venture Capital Trusts
- Enterprise Investment Schemes
- ISA’s
Investment Advice from Financial Advisors
If you would like a free consultation to discuss what investment opportunities you may be suitable for you or to discuss investment risks and returns, please contact Pivotal Financial Planning today on 0141 243 2475.