According to Rightmove, a whopping 500,000 UK homebuyers are rushing to finalise their home purchase before the new Stamp Duty rules change in April.
Unfortunately, around 74,000 homebuyers are unlikely to make the deadline Rightmove reports. Those who complete the homebuying process after 31st March face additional tax costs, some paying more than £11,000 than if completion took place before the threshold changes.
Asking prices for homes that have come to market in March have increased by 1.1%. This is in line with historical trends for March as it is typically one of the most popular months for sellers.
25,000 first-time buyers are estimated to miss the Stamp Duty deadline incurring approximately £142 million in additional tax costs.
It’s not all negative news as the housing market still remains steady despite the worries about the upcoming tax changes. Rightmove has shared that sales agreed are 9% up compared to this time last year, and property listings have grown by 8%.
Ever wondered where the most reasonably-priced towns for families to buy are? Property company, Zoopla has identified the top 10 towns for families to live in the UK by looking at the most affordable towns, and how many people are looking in that area.
7 days ago
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.
8 days ago
Many people are quite private when it comes to what is in their bank account. In this short blog, we look into what Brits have saved by age group.
Research from buy-to-let lender, Landbay, shows that UK landlords are looking at raising rents ahead of the Renters' Rights Bill which is due to come into force this year.
Data shows landlords could miss out on green mortgages due to expired energy performance certificates.
Buying a house is a big deal, and where you are planning to buy will make a difference financially. In this short blog, we look at the most affordable and most expensive areas and how much you need to be earning to buy in there.
20 May 2025
Equity release is a type of mortgage that allows homeowners 55 and over to access money from their property's equity without having to leave their home. This is done by securing a loan against the house which is usually repaid by selling the property when the borrower passes away or has to move into long-term care.
19 May 2025
It’s important to ask questions about the property you are interested in before taking that step to make an offer. A little probing can make all the difference between buying your dream house or something that requires a lot of work.