House prices have slowed across Britain’s 20 biggest cities, with London recording falls across nearly two-thirds of its districts, new research shows. The slowing property market comes as buyers are nervous due to fears over Brexit, but a lack of demand means those brave enough to go house hunting and negotiate on price could pick […]
Tens of thousands of first-time buyers have been thrown a lifeline by the Chancellor after he extended the popular Help to Buy scheme until March 2023. Under the scheme homebuyers purchasing a new-build can get an extra 20 per cent loan from the Government – or 40 per cent in London – which is interest-free […]
The Government has confirmed it will extend its Help to Buy equity loan scheme past 2021 to 2023 but restrict it to first-time buyers purchasing newly built homes during that time. From 2021, there will also be new regional price caps brought in, drastically reducing the maximum value of homes that can be bought with […]
House prices for luxury properties in London have slipped 2.9 per cent in the last year due to Brexit uncertainty and landlord tax changes, according to a new report. The capital was placed 38th in a list of 43 cities across the globe, as prime property prices fell into negative territory, according to the index […]
Chancellor Philip Hammond will unveil the Government’s fiscal plans on Monday next week. Last year, he scrapped stamp duty for first-time buyers but there was little solace for those further up the housing ladder, many of whom feel trapped in their homes because of the increasingly extortionate cost of moving. With just five days to […]
Government has proposed a string of reforms to help end the leasehold scandal that has infected Britain’s housebuilding industry – but says the rules shouldn’t apply to pensioners. Almost 18 months after promising to ban escalating ground rents on newly built leasehold homes, officials have now published plans to cap annual ground rents for new leaseholds […]
Experts blamed stamp duty for gumming up the property market as data today showed sales of homes so far this year 4.1 per cent down on the same period last year. With Chancellor Philip Hammond expected to tinker again with property taxes in Monday’s Budget, some 98,400 residential property transactions were recorded in September across […]
As of April, thousands of Help to Buy homeowners will have started to pay interest on their Government-backed equity loans, with many more due to do so over the next few years. Remortgaging to pay off the equity loan makes sense, but with more and more lenders creating specialist Help to Buy deals, picking the […]
House sales in central London have dived to a record low as buyers are put off by sky-high stamp duty. Just 70 properties are being sold each week in the heart of the capital, according to analysis by investment firm London Central Portfolio – down 16.8 per cent on a year earlier. There are now […]
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