Tag: Stamp Duty
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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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Family Help Mortgages Could Be Key for First-Time Buyers – What’s Available?
Good news for those struggling to buy their first home! While it’s still tough to save enough, mortgage options for first-time buyers are improving. Katie Brain, from financial experts Defaqto, explains: “We’ve seen a huge increase in first-time buyers relying on help from family members to get a mortgage.” In fact, 57% of first-time buyers…
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First-time buyers! Bag a house without paying ANY stamp duty – but hurry, the clock is ticking!
Could you get on the property ladder without paying thousands of pounds in stamp duty? Yes, but you need to act fast! New research from estate agents Lomond reveals 66% of homes for sale in England are priced under £425,000 – meaning first-time buyers (FTBs) like YOU could dodge that hefty tax bill. Right now,…
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First Home Out of Reach for Most Workers
New research reveals even the UK’s top earners can’t afford to buy a home – and some would need to DOUBLE their salary to get on the property ladder. Getting on the property ladder feels like a distant dream for many, and new research shows just how hard it is, even for those in well-paid…
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Is Your Dream Home Now Out of Reach? The Truth About Upsizing in Today’s Market
Thinking of swapping your cosy starter home for a place with more room to grow? You’re not alone! But before you set your heart on that spacious family house, it’s crucial to understand the challenges facing upsizers right now. With house prices still climbing, that dream move could be much pricier than you expect. The…
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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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Could the October Budget Trigger House Price Rise?
Could the Chancellor’s Autumn Budget be the magic bullet that gets the UK property market moving again? A new report suggests house-hunters are waiting to see what Labour announces before making an offer on a property. Traditionally, Budgets have given the property market a shot in the arm. Estate agent comparison site GetAgent.co.uk found the…
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Dream of Owning a Home Fades for UK Renters as Costs Soar
Spiralling house prices and the increasing cost of living are crushing the dreams of homeownership for many, with a shocking six in 10 renters believing they’ll never escape the rental trap, according to a disheartening new study. The research, conducted by Go Compare Home Insurance, lays bare the stark reality facing a generation priced out…
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Could Scrapping Stamp Duty Get the Housing Market Moving?
A leading international organisation calls on the Chancellor to scrap Stamp Duty. The Organisation for Economic Co-operation and Development (OECD), a group representing 38 leading economies, has urged Chancellor Rachel Reeves to abolish Stamp Duty Land Tax. This bold move, they argue, would free up the housing market by making it easier for people to…
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Americans are Snapping Up London Homes!
American buyers are leading the charge for luxury London property, with almost half of all homes sold for over £12 million last year going to US buyers, according to new research. UK Sotheby’s International Realty revealed that a diverse group of American buyers, from tech millionaires to families, are behind the surge in interest. These…