The Bank of England has cut the base rate to 4.5%. Here’s how it could impact the mortgage market and what it all means for your next deal. The Bank of England has cut the base rate by 0.25%. It now stands at 4.5% The Bank’s Monetary Policy Committee (MPC) voted by a majority of […]
Bank of England base rate down to 4.5% Read More »
Thinking of selling or letting your home? It can pay to get your property on the market for Valentine’s day Historically the second half of February is sees a surge in ‘loved-up’ couples seeking to buy or rent new homes together. February sees a 17% rise in listings from the 14th 8% increase in the
Why More Homes Sell on Valentine’s Day! Read More »
Homeowners in London stay put the longest before going on the market, while those in the North move more often. What’s happening where you live? There have been two bumper crops of sales in the last 18 months, largely from sellers who bought just before the Global Financial Crisis in 2007 and those who bought
How often do most homeowners move in the UK? Read More »
The average UK home is now worth £2,400 more than it was 6 months ago. But if you own a terraced property in the north, it’s likely to be a lot more than that. 15 million homes (that’s half the UK’s homes) gained £7,600 in value over 2024 A third registered small value falls, mostly
50% of UK Homes Increase in Value by Over £7,500 in 2024 Read More »
The Renter Rights Bill now includes significant new clauses that will prohibit the payment of rent in advance and pre-tenancy rent payments. The new rules added to the Bill at the report stage on the 14th January 2025 affect every landlord, not just those who ask for large sums at the start of a tenancy.
Renters Rights Bill Introduces Changes to Advance Rent Read More »
You may be able to reduce the amount of inheritance tax payable on your estate when you die or even eliminate it altogether so your loved ones get more of your money. Making a will is vital when it comes to inheritance tax planning You can avoid inheritance tax completely if your assets go to
How to avoid inheritance tax? Read More »
Everything you need to know about selling a probate property, from your role as executor to inheritance tax and the selling process. Before you can sell a home that has been left to you in someone’s will, you’ll need to apply for a legal document called a ‘grant of probate’ It can take 12 weeks
Selling a home after someone has passed away? Read More »
A taskforce commissioned by the Government to look into housing issues for older people has called for ‘last time buyer’ Stamp Duty incentives, The Older People’s Housing Taskforce was commissioned by the Department of Health and Social Care and Ministry of Housing, Communities and Local Government to investigate older people’s housing needs. The independent group published a
Government-commissioned report backs Stamp Duty incentives for last-time buyers Read More »
Planning to leave your home to your partner or children? With a bit of careful groundwork, you can help to reduce the amount of inheritance tax that’s paid. Inheritance Tax is charged at 40% on all assets worth more than £325,000 This threshold rises to £500,000 if you leave your home to your children or
Inheritance Tax, What is the Cost? Read More »
Second home stamp duty raised to 5% from tomorrow, but relief for first-time buyers and home movers remains until April 2025. Capital Gains Tax increased and thousands of affordable homes to be built. How the Autumn Budget impacts the housing market. Stamp duty increased to 5% on second homes Higher stamp duty thresholds remain in
What does the Autumn 2024 budget mean for you? Read More »
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