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 …
The governments announcment has thrown the housing market into chaos.
Propertymark is calling in the government for agents to be trained in the use of software operating the Unique Property Reference Numbers system – similar to car licence plates. UPRN allows each address in the country to have a unique identifying number and can have ‘attached’ to that number the sort of activities and characteristics which agents need to know …
UK landlords are adapting to the current financial landscape by shifting focus away from risk management to growing their cash reserves and expanding their portfolios. According to the latest research from Mortgage for Business, landlords who are remortgaging are currently doing so primarily to build a war chest, with 30% of property investors according to Mortgage for Business. The specialist …
Savills has hailed a “remarkable recovery” in activity levels since the reopening of the property market in England on May 13th, with a surge in prime buyers looking to leave London for more space. The agent said agreed sales in the prime markets of England fell by 72% annually in April, but were up 48% compared with last year as …
uying a home has historically been one the defining traditions among British residents, but over recent decades the affordability gap for buyers across the country has on average continued to stretch, and the inequalities that could deepen as a result of the coronavirus pandemic may lead to greater financial hurdles for many, at least over the coming years.
A new analysis reveals three key figures that suggest the rental market will bounce back from the lockdown and the Coronavirus crisis rapidly – and faster than the sales market. In an article exclusively for Letting Agent Today, the head of research at Zoopla – Gráinne Gilmore – explains that while activity in the rental sector has been significantly hit …
The start of the new tax year brings changes to mortgage interest tax relief and capital gains tax for buy-to-let landlords.
The emergency measures announced by chancellor Rishi Sunak this week included a three-month mortgage holiday to protect families who may find themselves in financial difficulty during the Coronavirus outbreak.
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