The typical London rent has dipped by 1.7% to £1,583 per month, research from HomeLet has found. Other areas have fared better, as the North West saw rents increase by 6.6% between June 2019 and 2020 – totalling £758 per month. Rents also rose by 3.8% in Yorkshire & Humberside, and by 3.1% in Scotland. […]
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Real estate professionals are divided on whether the Chancellor’s stamp duty holiday will prove to be a good policy. Buyers in England and Northern Ireland won’t pay stamp duty on the first £500,000 of the property sale with immediate effect until 31 March 2021. David Whittaker, chief executive of buy-to-let lender Keystone Property Finance, said: […]
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History tells us that the stamp duty holiday could have a negative impact on the market, argued London tax barrister Patrick Cannon. He compared the change to the stamp duty holiday introduced in 1992 from Norman Lamont, Chancellor of the Exchequer under Prime Minister John Major. The change could result in vendors raising their asking […]
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Four out of five (79%) first-time buyers in London will pay no stamp duty now the threshold has been increased to £500,000, compared to just one quarter (25%) previously, research from reallymoving has found. Despite previous changes to stamp duty land tax in 2017 aimed at reducing liabilities for first-time buyers, which saw the lower […]
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June saw a rise in high end listings in the US, after people waited to see what effect the pandemic will have in the past few months. Zillow research shows that listings for the most expensive homes were down by 9% year-on-year, a recovery from May when they were down 50% from the year before. […]
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Stamp duty in the UK has been abolished for all properties under £500,000 with immediate effect in new plans set out by Chancellor Rishi Sunak (pictured). The new temporary measures will be in place until March 31 2021. Currently there is no stamp duty on transactions below £125,000, or £300,000 for first-time buyers for properties […]
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According to the latest Home Purchase Sentiment Index (HPSI) by American mortgage loan company Fannie Mae, 61% of Americans believe now is a good time to buy a home. The HPSI increased to 76.5 points in June which represents a consecutive month of growth following a survey low in April. The index reports that consumers […]
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Rightmove has seen a rise in enquiries about seaside property, both from those who want to buy a second home or move there full-time. Rightmove’s director Miles Shipside felt that being in lockdown has given many home-hunters time to reassess what they want from their next move – and for some they’d clearly like sea […]
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Bidwelll has called for more infrastructure investment into the Oxford-Cambridge Arc – a stretch of land between Oxford and Cambridge via Milton Keynes. A report, ‘Oxford-Cambridge Arc Beyond the Covid-19 Crisis’ from Bidwells, said the Arc could represent 11% of the UK’s Gross Value Added by 2050, up from 6% today, due to its status […]
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MCI Mortgage Club has appointed Zephyr Homeloans to its panel of specialist lenders for buy-to-let products. Zephyr supports a product range tailored for individual landlords and limited companies, including HMOs, multi-unit freehold blocks, flats above commercial premises and ex-local authority properties. Melanie Spencer, head of MCI Club, said: “The rental market continues to be an […]
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