Cuts to stamp duty were announced in the Government’s mini-Budget, doubling the amount at which stamp duty takes hold for all home purchases, meaning the first £250,000 of a property’s price will be exempt compared to just £125,000 before.
If you are thinking of selling your property, over valuing it can cause a number of issues from lack of interest to a potential sale collapsing, possibly leaving you with a broken chain.
In this video, I go through what over-valuing is, the issues that can arise and, most importantly, how you can avoid it!
Since the Help to Buy equity loan was first introduced in 2013, it has helped more than 270,000 buyers find a home to call their own. While there had been extensions of the previous scheme in 2021, Homes England since announced that applications are open for buyers to apply for the new Help to Buy which will be available from April 2021 to 2023. Applications for the new Help to Buy scheme opened on Wednesday 16th December 2020, and will close at 6pm on Monday 31st October 2022.
Lending experts have noted that landlords are increasingly considering new build homes for their next buy-to-let, as they tick so many boxes when it comes to changing regulations. Here are three reasons why buy-to-let and new build can go hand in hand:-
Are you a landlord and are looking at ways to maximise your rental income?
Perhaps you are considering your first property investment.
The number of mortgages available to borrowers has hit the lowest level for more than a year, Moneyfacts has warned.
Analysis by the comparison website found that the number of available products in the residential sector plummeted by 517 over the month to leave just 3,890 on offer for September.
August is usually a time for lazy days and annual holidays but this year, the month failed to read the script. There has not been the traditional pause in home moving activity this summer. As a result, there are some surprising statistics to digest.
The average asking price of properties for sale in Wellingborough increased every month since January 2021, when they were £215,584, all the way up to their peak in April 2022 of £266,097 (an increase of £50,513 or around 23%).
Since April however, there were two consecutive months where asking prices dipped followed by the most recent two months where they have again begun to rise, without reaching the heights of the April peak.
For many of us, three little words have become the focus of our finances: energy price cap. This guide to the current energy situation answers many of the most commonly-asked questions and features advice for confused households.
There has been a notable increase in the number of homeowners signing up to a property alert scheme to protect against fraudulent property transactions, and yet less than 4% of property owners in the UK have an account, fresh figures show.
Moving home presents an excellent opportunity to change purchasing habits, especially at a time when many people need new items. The small but conscious choices made can make a big, collective impact on the environment, and there’s no need to compromise on style either.
The majority of homeowners and prospective movers will have a mortgage as part of their property plans, therefore it’s important to keep tabs on both interest and mortgage rates. In August 2022, the Bank of England increased the interest rate by 0.5 percentage points to 1.75% – the biggest increase in 27 years.
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