RICs observations on the UK housing market
Over the past six months RICS’ monthly UK Residential Market Survey has demonstrated buyers’ and sellers' changing mind-set from complete dejection to mild hope. With many seemingly believing that the market was on course to stabilise, down from its ‘Pandemic High.’ This analysis is based on RICS surveyors’ assessment of the market
Mortgage Guarantee Scheme
The Government is set to announce in Wednesday's Budget a new mortgage guarantee scheme, to be launched in April this year, which will allow buyers in England to obtain a mortgage with only 5% of the property value as a deposit. The Treasury will guarantee a portion of the loans on
If the Office of Tax Simplification gets its way, Landlords could be hit with a ‘taxing’ Capital Gains bill
In case you missed this, back in November The Office of Tax Simplification published a report ‘simplifying by design’ that outlined a number of recommendations to overhaul Capital Gains Tax. I’m baffled about where the simplifying features lie within this but I do see how if some of their suggestions are
The Stamp Duty Holiday, Villain or Saviour?
The Stamp Duty Holiday, Villain or Saviour? The stamp duty holiday extension debate will resume in Parliament on the 1st of Feb but has it been all good? Regardless of whether it ends on March the 31st or at a later date there will always be some kind of fall out. The
The 2021 Stamp Duty Holiday inspired property trend – Gazundering
If you have your property under offer with the intent of upping sticks and starting afresh this year please be aware of the latest craze, Gazundering. Like many crazes it isn’t new but it’s experiencing a resurgence with the looming stamp duty holiday coming to an end. Many buyers and sellers
Leasehold get a makeover
What? New legislation enables house and flat leaseholders the right to extend their leases by 990 years with a ground rent of zero. The system will be easier and cheaper than previous methods and eliminates the 'Marriage Value’ method for those looking to purchase the freehold of their property too. Why? Leaseholders previously
The Stamp Duty Holiday – What you pay
The Stamp Duty Holiday is coming to close - here is a simple guide to how much Stamp Duty you pay when buying a property in the UK against what you used to. Come July 2021, all change.
Somewhere that’s green. City V Country
Potential buyers are trawling the internet in search of property that offers an extra bedroom, bathroom or garden for the same price as their current four walls, which they have spent the past 7 weeks critiquing. Post lockdown, if Savills and Rightmove are to be believed, we should brace ourselves for