5 Most Common Home Survey Problems and What to do Next
Are you in the process of buying a property and are wondering about getting a survey? Don’t make the mistake that far too many homebuyers still make, thinking it’s an unnecessary expense. A study carried out by the Royal Institution of Chartered Surveyors (RICS) revealed that those who didn’t bother with a home survey faced […]
Upcoming Changes to Land Transaction Tax Rates in Wales
As of 1 July 2021, there will be changes to Land Transaction Tax (LTT) in Wales. Up until 30 June 2021, LTT is payable when you purchase or lease a property above the threshold of £250,000. Therefore, currently, no tax is payable on the first £250,000 of a property. LTT is 5% on properties up […]
Homes for Under £600k
The Government has announced a new 95% mortgage scheme, allowing homebuyers to pay just a 5% deposit on their new home if purchased between April 2021 and December 2022. Read more about the 95% mortgage and whether this is applicable to you here. With this in mind, we explore properties on the market for under […]
95% Mortgages: Everything You Need to Know
Since March 2020, low deposit deals have virtually disappeared from the mortgage market, hitting first-time buyers hard, as well as those with low levels of equity in their property. During the COVID-19 pandemic, lenders saw these deals as high-risk and withdrew most of their offerings. The Government has now announced that it will be backing […]
The Stamp Duty Holiday Extension Explained
On 3 March 2021, Chancellor Rishi Sunak announced that the Stamp Duty Land Tax (SDLT) holiday will be extended until 30 June 2021 after facing pressure to extend the deadline by three months amid concerns of a ‘cliff-edge’ come the end of March. In the 2021 budget, Sunak confirmed that buyers hoping to make the most of the savings of the […]
Spring 2021 Market Report: Price Growth at Four-Year High
A year like no other 2020, a year in which the housing market defied expectations. At 7.6%, annual price growth across the UK is at its strongest since the summer of 2016. Over 129,000 homes are believed to have changed hands in December, 32% more than in December 2019 with sales for the year projected […]
Regional Property Market Update Spring 2021: London
At 9.7%, average annual price growth in London exceeds the UK average. Growth is currently stronger than at any point since July 2016 and considerably higher than the 1.2% fall recorded this time a year ago. Although Rightmove report average asking prices fell by 2.7% month on month across the region in January, properties are […]
Regional Property Market Update Spring 2021: North East, Yorkshire and The Humber
Average annual price growth in the North East (8.3%) and in Yorkshire and the Humber (9.7%) is higher than the UK average. In eleven areas the annual rate of price growth currently exceeds 7.5%. Although Rightmove report that average asking prices fell by 2.2% month on month in each region in January, properties are selling […]
Regional Property Market Update Spring 2021: Southern region
At 6.2% and 8.5% respectively, average annual price growth in the South East and the South West is significant. In both areas growth is considerably higher than the -0.3% and -0.2% recorded a year ago. The Isle of Wight and the New Forest are currently experiencing the most significant growth, and interest in the market […]
Regional Property Market Update Spring 2021: Hertfordshire, Bedfordshire and Cambridgeshire (East of England)
At 4.8%, average annual price growth in the East of England is lower than the UK average. However, growth is currently stronger than at any point since January 2018 and considerably higher than the 1.5% fall recorded this time a year ago. Price growth across five areas currently exceeds 5%. Rightmove report average asking prices […]