Abolition of Section 21
The Key Points of the Abolition of Section 21 and Why it’s Crucial to Your Tenancy Introduction: The Background of Section 21 and Why it Needs to Be Repealed keywords: section 21 abolition, section 21 debate, section 21 changes The background of Section 21 and why it needs to be repealed is a topic that […]Read More
The Budget 2021 – What Could this mean for the housing market?
The Chancellor Rishi Sunak is set to announce the budget for the 21-22 financial year on March 3rd. Here we discuss what this may mean for the housing market. Stamp Duty Tax – The Stamp Duty Tax relief was implemented in July 2020 with the aim to make it more achievable for homeowners to move […]Read More
The Chancellor Rishi Sunak is set to announce the budget for the 21-22 financial year on March 3rd. Here we discuss what this may mean for the housing market. Stamp Duty Tax – The Stamp Duty Tax relief was implemented in July 2020 with the aim to make it more achievable for homeowners to […]Read More
Making a HMO more attractive to those worried about Covid-19
The HMO market has remained buoyant and fairly resilient throughout the pandemic but the fact remains that some tenants and landlords are worried about what the pandemic will mean for demand for those in shared accommodation. The demand will always be there in some form, single professionals and students will often prefer a HMO over […]Read More
2020 House Prices Finished on a 6% High!
2020 was a roller coaster of a year when it came to house prices. It got off to a strong start and then slumped in the spring and summer as the first national lockdown took their toll on prices. This didn’t last long though and prices shot up again shortly afterwards. The rise in house […]Read More
Housing Prices to Rise 4% in 2021 say Rightmove
The UK’s biggest property portal ‘Rightmove’ have weighed in with their opinions on the 2021 Housing Market, predicting a 4% rise next year. Experts have been divided on how the market will go in the coming 12 months, with 2020 seeing an incredible 7% rise in prices despite the coronavirus pandemic. The Stamp Duty Holiday […]Read More
The Housing Market is at its strongest since 2004!
House prices rose 7.6% year on year in November according to the latest data released by the Halifax Index. This brings the average house price in the UK up to a staggering £253,243. Whilst the Stamp Duty Holiday has definitely contributed to the rise, the rise in prices has outstripped the savings in many areas […]Read More
The Stamp Duty Holiday
The Stamp Duty Holiday – What you need to know What is The Stamp Duty Holiday? Usually Stamp Duty tax is payable on property transactions worth more than £125,000 (£300,000 for first time buyers), however on the 8th July 2020 The Chancellor of the Exchequer announced a temporary break from this, reducing Stamp Duty Tax […]Read More
Property Transactions up 8%!
Property Transactions up 8%! According to data published by HMRC yesterday (24.11.20), UK monthly property transactions are up by 8.1% year-on-year in October, as well as being 9% higher than September’s figures. There were 105,630 transactions in October 2020, which is over 8% higher than October 2019 and is diminishing fears that the housing boom […]Read More
Demand rises for HMO properties
Mortgage lenders are reporting a rise in demand for HMO properties as the housing market starts to recover. Demand for HMO properties appears to be rising amongst Landlords as the sector takes off again after a pause due to the coronavirus pandemic. Mortgage lender Landbay have reported a rise in interest for mortgages in this […]Read More