The Chancellor should look again at the nation’s Stamp Duty thresholds, an archaic tax structure which is distorting the housing market, says RICS as part of its 2014 Pre-Budget statement.
The existing ‘slab’ Stamp Duty system taxes a percentage of a home’s purchase price according to which value bracket it happens to fall into. Continue reading
All eyes will be on the budget next week to see if Chancellor George Osborne addresses the chronic housing shortage on the UK, especially for older people, says Peter Girling, Chairman of Girlings Retirement Rentals.
The Chartered Institute of Housing’s (CIH) has called for government to abolish stamp duty for older people should they decide to downsize and purchase a smaller property. Continue reading
Latest figures released by ESPC reveal that the rise in housing market activity in East Central Scotland has continued to gather pace.
During the three months from December to February the number of homes sold across Edinburgh, the Lothians and Fife rose by over 90% annually. Continue reading
The recent BBA’s high street banking stats point to growing consumer confidence, with mortgage approvals now at their highest levels for six and a half years.
BBA statistics director, David Dooks said: Continue reading
UK house prices increased by 0.6% in February and were 9.4% higher than February 2013 according to Nationwide.
Prices are around 3% below the peak of 2007. Continue reading
Landlords across England and Wales have seen returns eclipsed by those in the capital, according to the latest Buy-to-Let Index from LSL Property Services plc.
London landlords have seen total annual returns of 14.6% in the year to January 2014, up from 11.4% in the previous twelve months. Continue reading
The chancellor should use next month’s budget to make better use of existing homes, increase house building and encourage higher standards of housing.
The Chartered Institute of Housing (CIH) says the government should consider removing stamp duty when older home owners who receive Pension Credit move to smaller properties, which would make downsizing more affordable for older people on low incomes and free up bigger homes for larger families. Continue reading
London estate agent Douglas & Gordon has partnered with storage-by-the-box company, WeStore.co.uk, to offer Londoners a complimentary decluttering service.
Because they know that finding space to keep your things in London can be difficult, Douglas & Gordon are offering clients instructing them as sole agents three months of this service for free. Continue reading
The Chief Executive of Citizens Advice has warned that reforms to Housing Benefit “cannot be done safely” without urgent action to increase the availability of affordable homes, following Court of Appeal rulings on two of the Government’s welfare reforms recently.
Citizens Advice Chief Executive, Gillian Guy, said: Continue reading
Which? HAS launched a new campaign calling on insurance companies to show last year’s premium alongside renewal quotes, as people tell us it would prompt them to look for a better deal.
New Which? research finds that the majority of consumers support having their previous premium on their renewal quote, with nearly nine in ten (85%) saying it would be useful. Continue reading