Tag: Stamp Duty
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House Sales Taking 23% Longer and Costing More
Selling or buying a house? Get ready to wait! New data reveals that it now takes over a month longer to buy or sell a house compared to ten years ago. And to make matters worse, more sales are falling through, leaving frustrated buyers and sellers high and dry. Back in 2014, the average time…
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Off-Plan Property – Is Buying a Home Before it’s Built Right for You?
Buying a new home is a big decision, and usually you’d want to see it in person before you commit. But what about “off-plan” homes – where you buy before they’re even finished? This type of purchase is becoming more common, but there are some things you need to be aware of before taking the…
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London Calling! First-Time Buyers Flock Back to the Capital
Cheaper mortgages and a desire to escape sky-high rents have brought first-time buyers back to London in droves, new figures reveal. 48% of house hunters in the capital at the start of this year were taking their first step on the property ladder, according to estate agent data analysed by Hamptons. That’s the highest proportion…
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Stamp Duty Bill Leaves Buyers £100 Million Out of Pocket!
Homebuyers across the UK are feeling the pinch as stamp duty costs soar, with over £1 billion paid in July alone. New figures show homebuyers have coughed up £1.2 billion in stamp duty just last month. This brings the total for the year so far to a staggering £6.6 billion – that’s a hefty £100…
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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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Ditch the Leasehold and Bag Yourself a Freehold: Your Step-by-Step Guide
Ever wish you had complete control over your own home? That’s where owning the freehold comes in. This means you own the property AND the land it sits on, giving you the ultimate freedom. If you’re tired of forking out ground rent or dealing with pesky leasehold service charges, buying your freehold could be the…
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Landlords are Ditching Buy-to-Let, Leaving Renters in the Lurch
It’s not a good time to be a landlord, especially if you’re looking to expand your portfolio. New figures show that buy-to-let purchases are at an all-time low, with landlords snapping up just 10% of homes sold in the first half of this year. That’s the lowest share since 2010 and a far cry from…
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First-Time Buyer Stamp Duty Cut Could Leave Homebuyers with Fewer Properties to Choose From
First-time buyers could be in for a shock as the number of properties they can buy stamp duty free could plummet by 20% in 2025. The warning comes as estate agents predict a squeeze on the number of affordable homes available if the current stamp duty holiday is scrapped. Currently, first-time buyers pay no stamp…
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Cornish Home Sales Plummet – Is the Dream of Living by the Sea Over?
Property sales in Cornwall have taken a nosedive, hitting their lowest point since the 2008 financial crash. But don’t panic just yet, there’s good news too! A new study by Bird & Co, using data from the Office for National Statistics (ONS), has revealed that Cornwall’s housing market is experiencing a major slowdown. The study…
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House Prices Bounce Back by 0.4%
House prices are showing signs of recovery, with the biggest monthly jump in almost a year. Despite a slight dip in prices compared to last year, things are looking up for the housing market. The latest figures from e.surv show that the average house price in England and Wales inched up by 0.4% between May…