We have our own house moving guide HERE, but take a look at this article from the independent for extra info on what first time buyers in London should know regarding the expenses involved in house purchase… Question: We are first-time buyers looking at a house priced £285,000. We know we will not have to pay stamp..
Over the next five years, it is estimated that the government’s flagship housing policy will help over 1 million people get onto the housing ladder. The following information is from the Government website: 121,500 first-time buyers have saved a total of £284,000,000 thanks to the government’s cut to stamp duty, according to official statistics released today..
The number of amateur landlords buying new properties is in dramatic decline as recent tax changes come into effect. According to figures from trade body UK Finance, there were 5,500 new buy-to-let home mortgages completed in May, 9.8 per cent fewer than May last year. This could very well be because of the 3 per cent stamp duty..
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..
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-time 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..
Millions of first time buyers could no longer qualify for stamp duty relief by 2028 due to rising prices putting them beyond the minimum rates, reports say. According to research from L&C, Around four million homes across England will fall outside the current cut off point that first time buyers start paying the property tax..