The recent stamp duty cut has given the housing market a boost and months of pent up demand may now finally be released. Estate agents are no doubt chomping at the bit to usher in a new rush of customers, none less so than the online agents such as PurpleBricks and Yopa, which have grown … Read more
‘I was refused a mortgage for taking a loan holiday’: City watchdog tells banks they CAN reject loans if you took break Fury as firms get green light to trawl through borrowers’ accounts Over 1.8m people who took breaks were told it wouldn’t affect credit record 59% of brokers have had clients rejected for a … Read more
Capital gains tax on your home? Left-leaning think tank calls for homeowners to be taxed on house price rises to pay for coronavirus Social Market Foundation proposes 10% ‘property capital gains tax’ Left-wing think-tank calls for levy on all homes sold or inherited The tax would mostly affect middle-aged and older people, who own most … Read more
Capital gains tax on your home? Think tank calls for homeowners to be taxed on house price rises to pay for coronavirus Proposals of 10% ‘property capital gains tax’ on all homes sold or inherited The tax would mostly affect older people, who own most of Britain’s property The current capital gains tax relief on … Read more
Boost for first-time buyers as lenders bring back mortgages for borrowers with a 10% deposit By Miles Dilworth For The Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:05 BST, 21 July 2020 Lenders are bringing back mortgages for borrowers with a 10 per cent deposit in a boost for first-time buyers. Nationwide … Read more
When they moved into their three-bedroom semi-detached leasehold house near Liverpool, Andrea Millward and husband Roi were told that after living in the house for two years, they could buy the freehold at a cost of £2,950. But 11 months after moving in, the developer sold the freehold on to a third party investment company. Andrea Millward … Read more
Asking property prices shot up thanks to a jump in buyer enquiries even before the effects of the Chancellor’s stamp duty holiday have had time to kick in, a new report claims. Property portal Rigthmove says an ‘unexpected mini-boom’ in demand following the reopening of the housing markets in England, Wales and Scotland has lifted … Read more
Snoop, an app designed to make users better off by encouraging them to switch to cheaper deals, is looking to extend its net to include mortgages By Jeff Prestridge, Financial Mail on Sunday Published: 21:55 BST, 18 July 2020 | Updated: 21:55 BST, 18 July 2020 Move: Snoop is the brainchild of former Virgin Money boss … Read more
Home viewings may be back up and running again but the coronavirus property market is still in a very different state than it was back in February. Lenders are still wary of opening their branches to the public, and the Government is still urging buyers to view homes by video before going in person. And … Read more
Those dreaming of building their own Grand Design and tempted by cheap green belt plots have been urged to pay heed to an unusual warning from two councils. Sevenoaks district council in Kent and Dacorum Borough Council in Hertfordshire have issued strong warnings to potential buyers of green belt land advertised for sale on Rightmove … Read more