Tim Dawson, managing director of Mortgage Express, said: "It is pleasing to see that the Chancellor has recognised that, at a time of economic uncertainty, steps need to be taken to reduce the cost of buying a home in certain communities. The economic regeneration in these areas will make them great target areas for would be landlords to invest in buy-to-let properties. As long as buying is viewed as a long-term investment investors could stand to benefit from investing in potentially up-and-coming areas. Having already arranged the finance for thousands of successful landlords, we are delighted with the news – it will act as a real boost to the buy-to-let market. In our experience, buy-to-let properties typically tend to be around £150,000, so investors could save up to £1,500 on each property they buy."
