It has been suggested The Bank of England should use its powers to freeze house prices for the next five years to reduce the chances of another financial crisis The Institute for Public Policy Research said that Britain needed to “reset” the way it thinks about rising prices to break the “cycle of ever-rising house..
New research suggests that many young people in Britain are pessimistic about their likelihood of ever Home ownership. According to a survey from the Building Societies Association (BSA), 70% of us say that the difficulties young people have getting onto the housing ladder is one of the biggest problems we have in Britain today. This is..
The following info is latest available info from the Government on Stamp Duty. For the purpose of Stamp duty Land Tax (SDLT)Non-residential property includes: commercial property, eg shops or offices agricultural land forests any other land or property which is not used as a residence 6 or more residential properties bought in a single..
Due the the ever changing government guidelines on property purchase, it is a good idea to keep up to date with You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price above £125,000 when you buy residential property. Different properties have different rules which will be outlined here. Use our..
The laws around stamp duty are always liable to change so here is an up to date rundown of how things are as we stand today. At any time you can use our simple calculator to work out how much stamp duty you are eligible to pay on a property Overview You must pay Stamp..
House price inflation could push 30% of first-tike buyer homes out of break leading mortgage brokers call on government to review relief band. Cities in the south of England will be the worst affected Experts are warning that house price inflation could wipe out the benefits of the stamp duty break for many first-time buyers within..
If you have kept up to date with the property news in recent years you will have noticed that the number of homeowners in England has been declining. The government even built new homes to encourage people onto the property ladder. At the end of April 2017, the number of homes in England rose by..
The Government has responded to an e-petition, with over 15,000 signatures (at the time of writing this), calling for the re-introduction of full mortgage interest relief and the abolition the 3% stamp duty surcharge. This petition is still running, and asks the government to rethink the current “tax raid” on landlords. Here is the petition..
The most recent analysis from HMRC has revealed that property transactions dipped slightly during April – dropping by 3.2% in comparison to March. HMRC’s data reveals that the provisionally seasonally adjusted UK property transaction count for April 2017 was: 99,910 residential 9, 980 non-residential These figures were 20.3% higher than in the same month of..
Several banks offer “cashback” to home buyers, but Barclays new mortgage goes further still. Barclays have just announced that they will pay buyers stamp duty on properties worth up to £250,000. Seven out of 10 buyers are affected by stamp duty, which is paid on homes worth over £125,000. The cost of stamp duty on..