The Welsh government has increased its equivalent of stamp duty on second homes by 1%. The change means second homebuyers now have to pay a surcharge of 4%, up from 3%. People could now pay up to 16% for homes worth up to £1.6m. The increase to the Land Transaction Tax surcharge will raise an […]
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There were 19.3% more residential property transactions in November 2020 compared to the same period the year before, HMRC data found. There were 115,190 seasonally adjusted transactions last month, up from 96,570 in November 2020. The number of properties changing hands also rose by 8.6% from October 2020. Anna Clare Harper, chief executive of asset […]
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Hope Capital has joined the Optimum ELITE lending panel to provide bridging finance to brokers and their clients. In addition to joining the panel, Hope Capital and Optimum ELITE have combined their expertise to complete their first deal. The property situated in Ashford, required a loan of £227,269. Hope Capital offered a 73.3% LTV bridging […]
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Nudim Akhtar is a Mortgage Specialist at broker Contractor Mortgages Direct Limited company buy-to-let has become a key part of the market for landlords. As the government gradually removed mortgage income tax relief for higher rate taxpayers between 2017 and 2020, limited company buy-to-let became an increasingly prominent part of the market. Landlords are usually […]
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Two property websites have been accused of aiding landlord discrimination against people on benefits, a BBC investigation found. Eight out of 10 listings on SpareRoom and OpenRent reportedly said that people on benefits won’t be considered as tenant, with phrases like “No DSS” or “professionals only”. In July 2020 a judge ruled that blanket bans […]
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Co-living – a form of living where get a private bedroom with shared common areas – has unsurprisingly contracted in most countries this year. Outside China the market has contracted by between -5% and -30%, according to the Global Coliving Report – 2020 from TheHouseMonk, a software compny based in Bengaluru, India. The market held […]
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Sangita Manek is a partner in the dispute resolution team at Blaser Mills Law Throughout the current crisis, many residential tenants have been unable to pay their rent in full and have found themselves in substantial arrears, and the government has urged landlords to show support and understanding for any tenants facing hardship. You have […]
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Between the 25th and 31st December Yes Homebuyers witnessed 40 transactions in Greater London, the most out of any region. This was followed by Hampshire and the West Midlands (both 10%). Matthew Cooper, founder managing director of Yes Homebuyers, said: “The home selling process is a lengthy one and even in regular market conditions, it […]
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Spanish property owners have been warned to apply for residency before the end of the year to enjoy the same benefits as other EU citizens in Spain. From 2021, UK owners of property in Spain will only be able to spend up to 90 days in country over a 180-day period, thanks to Britain’s decision […]
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After Christmas a Private Member’s Bill in will go through its second reading in parliament, which aims to restrict the right of landlords or their agents to include ‘no pets’ policies in the UK. Whether or not this bill comes to anything I’m pleased the issue is being highlighted, because in my time as a […]
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