The chancellor Rishi Sunak is once again being urged to abolish stamp duty and replace it with a new levy.
Delays increase pressure as stamp duty deadline nears
The property buying process is taking significantly longer to reach exchange of contracts after an offer has been accepted as the stamp duty holiday nears its end….
Everyone wins with a 24 hour property sale.
Chattel House were instructed to sell this fantastic two bedroom ground floor apartment by the owner last week. We valued, marketed and sourced a cash buyer within 24 hours who offered the full asking price to buy the property leaving the present tenant in situ. Ben Jones from Chattel House said “The buyers realised that it was sensible to buy …
Prices for ‘second-time-buyers’ at record high says Rightmove
The so-called ‘trade up gap’ for people buying for the second time has grown to a record £67,761 according to Rightmove…..
Rightmove says demand is rocketing in every region of the UK
Data from Rightmove shows that demand is up 61 per cent compared to the same period last year – and the portal attributes much of this to the stamp duty holiday.
Time to ensure that your buy-to-let investment is effectively protected?
From Mark Burns, the Managing Director of property investment company Pure Investor If you’re a buy-to-let investor or thinking of becoming one, then you may have very mixed feelings about the current state of the housing market. On the one hand, demand is clearly still very strong. On the other hand, investors may be wary of operating in a politically-charged …
Lettings agents report ‘record-breaking month’ as demand and supply hit new highs for June
June was a record month for tenant demand and rental supply as the market got back to business, agents claim. The latest ARLA Propertymark Private Rented Sector report, based on a survey of 210 members, found there were 79 tenants registered on average per branch during June compared with 70 in May. The number of properties managed per branched reached …
Stamp duty holiday fuels sustained vendor interest
Surging interest from vendors took new sales appraisal requests for estate agents to an all-time high of 227% above pre-covid levels in the past week as more and more people manoeuvred to take advantage of the government’s stamp duty holiday, the latest data from the Yomdel Property Sentiment Tracker (YPST) shows. Buyers stabilised at record levels some 79% above the …
Reduction in high LTV products hits remortgage instruction levels
LMS, the conveyancing solutions provider, has today published its latest remortgage market update, now to be released every two weeks, tracking remortgage market performance through the COVID-19 crisis. In this update, the ‘final’ week of June refers to 22.06.2020 – 26.05.2020, the ‘first’ week of July refers to 29.06.2020 – 29.05.2020 and the ‘second’ week of July refers to 06.07.2020 …
Stamp Duty changes and Furlough Bonus scheme announced by Sunak
Chancellor of the Exchequer Rishi Sunak has announced that there will be no stamp duty on homes selling for £500,000 or less; this temporary holiday will last until the end of March 2021. The threshold for ‘no stamp duty’ therefore rises with immediate effect from £125,000 to £500,000. The Chancellor claims that this means nine out of 10 main homes …
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