Tag: Downsizing
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Should the Government Scrap Stamp Duty for Downsizers?
Millions of Brits dreaming of moving to a smaller home could finally get their wish – if the government scraps stamp duty for downsizers. That’s the call from Barclays bank, which reckons ditching the tax could unleash 3.8 million homes onto the market. Right now, a staggering 85% of us live in homes with at…
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Should You Stay or Should You Go? The Truth About Downsizing
Thinking about downsizing but not sure if it’s the right move? You’re not alone. A new survey reveals that less than one in four Brits plan to downsize in retirement, despite the potential financial benefits. Let’s break down the pros and cons to help you decide if downsizing is right for you. The Downsizing Dilemma:…
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Downsizing Dreams: Where to Find Your Perfect (and Affordable) Retirement Haven
Thinking of downsizing for a comfortable retirement? You’re not alone! It’s a big decision, and finding the perfect location to enjoy your golden years is crucial. The Daily Mail did some research, crunching the numbers to uncover hidden gems and retirement hotspots across the UK. Downsizing isn’t just about finding a smaller house; it’s about…
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Downsizing Your Home Could Make You Half a Million!
Thinking of downsizing? You could be sitting on a goldmine! Swapping your five-bedroom family home for a cosy three-bed could unlock an average of nearly £500,000 in pure cash! That’s according to new figures from Rightmove that show just how profitable downsizing can be. Londoners are sitting on the biggest potential profits. Trading a five-bedroom…
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Stamp Duty Headache Looms for First-Time Buyers
Property website Rightmove is urging the government to rethink plans to slash the stamp duty relief available to first-time buyers, warning that it will price thousands out of the market. Currently, first-time buyers don’t pay stamp duty on the first £425,000 of a property’s price. But this generous tax break is set to be scaled…
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Tired of Pensions? This Property Mogul Built Her Empire Instead!
Are you tired of the rollercoaster of pension funds? Feeling like your savings are just spinning their wheels, while the cost of living keeps climbing? You’re not alone. More and more people are turning to property to secure their futures, The Telegraph reports. A Pension Alternative? Shirley-Ann O’Neill, a savvy entrepreneur, took a bold step.…
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Londoners Priced Out of Space – Escape to the Suburbs Costs More Than Ever!
Thinking of ditching the Big Smoke for a bigger home in the ‘burbs? You might need deeper pockets than you thought! Londoners have always fancied a bit of extra space. But with house prices in towns and suburbs shooting up, bagging that dream home outside the capital is getting tougher. New research from Hamptons estate…
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Millennials Are Taking Over the Buy-To-Let Market
Older landlords are cashing out, and a new generation of property investors are entering the market While the property market is facing increasing challenges, with higher taxes, stricter regulations, and growing renter rights, the average landlord is getting younger. As older landlords are selling up, a new generation of investors, mainly in their 30s, are…
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Seller Fatigue – How Does it Affect House Buyers and Sellers?
The property market has been sluggish lately, making it harder to sell homes. But don’t despair! Understanding “seller fatigue” could be the key to a successful sale. We’ve all heard stories about houses flying off the market, but the reality is a bit different now. Research shows it’s taking longer to sell properties, leaving some…
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Bridging Finance – Growth Predicted but not Plain Sailing
Experts predict growing activity in the Bridging Finance sector. But, is the market heading for a bumpy ride? The Bridging & Development Lenders Association (BDLA) and Interpath’s latest survey shows a mixed bag of news for those in the bridging finance market. While optimism about future growth is high, some significant challenges threaten to dampen…