stamp duty

stamp duty

Autumn Budget 2017 | Items of interest for Private Landlords

23 November, 20170 Comments
Housing – Stamp duty abolished for first-time buyers on homes up to £300,000 – estimated 80% of first time buyers to benefit. – For first time buyers in London there will be no stamp duty on the first £300,000 of the purchase price. Longer tenancies – The government will consult on the barriers to landlords
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What are the costs of moving house?

27 June, 20170 Comments
Moving house is known to be one of the most stressful and costly exercises you can undertake in your life. So, it is important to consider the real cost of moving house and plan carefully what to budget for. With a myriad of requirements to juggle, numerous hurdles to overcome and a whole host of
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Investing in Property: Is it Still Plain Sailing?

18 May, 20170 Comments
Having money tied up in bricks and mortar is a stable, relatively low risk form of investment. However, property investment still requires a good level of management to ensure that money does not go to waste, and all too often people underestimate the challenges. Here is a short review of the property investments today. The
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Hidden charges: Things you need to budget before buying a house

22 March, 20170 Comments
Once you’ve gone to all the trouble to save the deposit to find your first home, you’ll either be buying something you know needs renovation or a house that is ready to go. It’s the ready to go house that comes with risks, hidden maintenance costs and things you might not have budgeted in to
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Landlords push for stamp duty surcharge u-turn to help solve housing crisis

11 January, 20170 Comments
Buy to let landlords in Wales are calling on the government to help kick start the Welsh housing market by amending or abolishing the 3% stamp duty surcharge currently imposed on residential properties and second homes. Nine months on since the stamp duty changes on second properties and buy-to-let continues to operate at lower levels than
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Rental prices to increase as landlords adapt to changes

03 January, 20170 Comments
It is likely that rental prices will rise as a result of private rented sector landlords adapting to changes that were implemented by the Government this year. Changes have been made to stamp duty, immigration checks have to be carried out, tax changes are on the way and lending conditions have been tightened and that
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SLC urge Government to scrap Stamp Duty

08 August, 20160 Comments
The Government should scrap Stamp Duty Land Tax to create a more “buoyant and vibrant” property market, insists the Society of Licensed Conveyancers (SLC). Additionally, with the amount of tax relief that landlords can claim on their mortgage interest payments falling to the basic rate from April 2017, there is widespread concern in the industry
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Buy To Let: 6 Things You Need To Know

22 June, 20161 Comments
Thinking of investing in property? You’re far from alone. In November alone more than 20,000 buy to let mortgages were issued. Granted, that figure was inflated for reasons we’ll come to later, but the attraction of putting money into homes persists. If you’re tempted to follow suit, you’ll need to make sure your investment is
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New rate of stamp duty kicks in today

01 April, 20162 Comments
Following the Chancellors recent budget announcement, the dreaded new rate of stamp duty for buy to let property and second homes has come into force today. For those of you who want to purchase an additional property worth over £40,000 as a buy to let investment, second home or holiday home an extra 3% surcharge now applies.
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