Keeping you up to date with the latest property news as it happens
If you are looking to increase the value of your home without adding an expensive extension, self-storage company Space Station has some ideas on how you can add up to 20 per cent to the price. Maximising your property’s value before you put it on the market means you may have a better sum to...
The new phase of the government’s Help to Buy scheme is set to launch on 1 April 2021, with the existing scheme closing the previous day. With average house prices at a record high, many first-time buyers are struggling to afford their own property. The Help to Buy scheme assists buyers to purchase a new...
The temporary Stamp Duty holiday has been extended in an attempt to keep the property market active. In June 2020, the chancellor Rishi Sunak announced a temporary Stamp Duty holiday, cutting the rate of the tax on purchases of up to £500,000 to zero. The current rate of 0 per cent payable on the first...
Mortgage approvals hit a 13-year high in the last months of 2020, while the return of low deposit mortgages means that first-time buyers will have a better chance of stepping onto the property ladder. Despite economic turmoil, the house market has been buoyant as buyers look to take advantage of the Stamp Duty holiday, set...
We’re celebrating some of the women that help make LPL such a successful practice and dynamic workplace. At LPL, we’re immensely proud of our record on diversity and inclusion. Nowhere is this clearer than in the make up of our senior management team, where over 75% of our senior team are women. Louise Stephens-Pantoja, Head...
What is the stamp duty holiday? Last year, the government temporarily increased the amount at which stamp duty is paid to £500,000, for property sales in England and Northern Ireland. The move was aimed at helping buyers who might have taken a financial hit because of Covid. It could save them as much as £15,000,...
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...
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...
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...
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