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..
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..
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..