Property investor Marco Robinson is offering fellow property investors an opportunity to win a buy-to-let property in Manchester worth in the region of £110,000.
Robinson decided to give the property away in protest to the Chancellor George Osborne’s recent changes to stamp duty, offering the winner of his competition the opportunity to own a two-bedroom property in Manchester, which is currently receiving an annual rental income of £6,500 guaranteed for five years.
In his Budget, the Chancellor introduced a 3% stamp duty surcharge on all buy-to-let properties and second homes, which came into effect on 1 April, which Robinson believes is “badly-thought out and utterly pointless”.
“It is doing all it can to crush entrepreneurial activity in what is a fantastically rewarding sector,” he said. “The government should be doing more to encourage people to invest in property as it still is the path to gaining financial freedom. I am living proof that the model works.”
Robinson now hopes to offer investors a flavour of the sort of rental yields achievable in Manchester.
He added: “Ideally, I’d like to put a buy-to-let investor on the first rung of what is a fantastic and hugely rewarding ladder which can lead to financial freedom. I am doing it to underline that buy-to-let is a superb investment – as long as it is handled correctly.”
Entrants to the competition are required to play a game found on Robinson’s Twitter page after which they need to retweet the competition to their own followers and post a picture of themselves and the book on Instagram tagging Marco Robinson’s Instagram account which is marcorobinsonnow, or you could just click here.
The draw will be made at the end of the year.