Category Archives: Selling

Stamp duty: New rule quirk means ordinary people will pay more

When a higher rate of stamp duty was announced by the Chancellor last November, it was meant to cool the boom in buy-to-let.
Under the new rules, applying from April 1 this year, anyone buying a property who already owned another property would pay the usual rate of stamp duty – plus a three percentage point surcharge.
This means a buyer’s tax bill could increase by thousands of pounds.
For example, on a property worth £300,000, the charge would increase from £5,000 to £14,000.
George Osborne’s intention was to deter property investors and leave more property free for young families.
But the rules are having unexpected consequences for many. These are people who don’t put themselves in the same bracket as buy-to-let investors, but who nevertheless have discovered that they will have to pay the extra amount when they move, buy a family home or downsize.

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Retirees choose to rent by the sea as property prices soar

The average price of a home in Britain’s seaside towns has risen by a third over the past ten years, according to research by Halifax, which is leading many older people to rent by the sea when they retire, says Peter Girling, Chair of Girlings Retirement Rentals.

Halifax found that the average seaside property price is now £208,729 compared to £159, 522 in 2005, with the UK’s most expensive seaside town Salcombe in Devon with an average price of £672,874, followed by Sandbanks in Dorset with an average of £614,726. Continue reading

Homeowners and estate agents get new ‘dating’ website

A new ‘dating’ website aimed specifically at matching UK homeowners and estate agents is now online at

It’s estimated that the UK now has around 800,000 available homes for sale or to rent at any given time and Place on the Market aims to make it easier for owners and estate agents to get together. “We believe the right relationship with your estate agent makes you happy,” says a spokesperson for Place on the Market. “And everyone needs a little happiness during moving home, one of the most stressful periods of your life.” Continue reading

“OnTheMarket – Is it worth the move?”

Today, Monday 26th January 2015 sees the launch of controversial new property portal

Founded by; Savills, Knight Frank, Strutt & Parker, Chestertons, Douglas & Gordon and Glentree Estates this new entrant is their attempt to break the duopoly currently held over estate agents by Zoopla & Rightmove. Continue reading

CIH: Remove stamp duty to help older people downsize

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