Category: Re-Mortgage
Buying a Welsh home following surprise Land Transaction Tax increase
As well as the Welsh Government’s surprise raising of the rate of transaction tax on the purchase of second homes, the Land Transaction Tax (LTT) holiday in respect of main residences is due to end on 31 March 2021. For those thinking about buying a property in Wales, tax is likely to be a hot...
It’s not all doom and gloom: property predictions for 2021
The end of 2020 saw house prices at a record high, helped by the chancellor’s Stamp Duty holiday, but what is likely to happen in 2021 as financial disruption continues? The property market slumped during the first lockdown of 2020, with prices down 0.5 per cent halfway through the year. However, following relaxing of restrictions...
What are people looking for in a home post Covid 19?
Following a year of lockdowns and working from home, people are looking at their properties in a different light. Living close to their place of work is less of a priority, with other desirable qualities shooting to the top of the list. The Office for National Statistics has found that before 2020 around 70 per...
New comprehensive survey available to home buyers
The Residential Property Surveyors Association (RPSA) has launched a new survey to rival those offered by the Royal Institution of Chartered Surveyors (RICS). Obtaining the right survey is essential when buying a property. It will detail any work that may be required and give you information about the condition and value. Buying a home is...
Changing attitudes to property post Covid 19
New research has found that over one-third of people expect to be working from home regularly in the future. Homebuilder Barratt Homes and GoodMore Global Ltd have conducted a study into changing attitudes to working from home and people’s wishes when it comes to moving home. Researchers questioned 750 participants from London and South East...
Public support for enhancement of green spaces
The pandemic and subsequent restrictions have highlighted to many the importance of green spaces for mental and physical health and wellbeing. Research commissioned by the Council for the Protection of Rural England (CPRE) together with the HomeOwners Alliance and carried out by YouGov in the summer of 2020, found that 71 per cent of those...
Price transparency in conveyancing shows solicitors are affordable
When consumers were unaware of how much a solicitor might charge, half assumed that they were an unaffordable option. A new survey has shown that now that prices are easily available to view, only 10 per cent think they are unaffordable. At the end of 2018, the Solicitors Regulation Authority (SRA) introduced new Transparency Rules...
The government’s Green Homes Grant
The government’s Green Homes Grant scheme, announced in July 2020, is live. The grant can cover two-thirds of the cost of specified energy-efficient improvements on homes in England up to a maximum of £5,000, or £10,000 for those on certain benefits. What green measures can be funded? Home improvement measures are split into ‘primary’ and...
