Stamp Duty to be reduced?

Holiday lets rules are set to change according to new government consultation. The new rules are aimed at giving communities greater control over short-term lets in tourist hotspots whilst also strengthening the tourism sector. The Department for Levelling Up, Housing and Communities will propose to introduce planning permission for existing homes being used as short term let...

As the echoes from the turbulence of the chaos caused by the mini budget of last September are starting to fade, we are noticing that the market is now finding its balance.The mini budget of 23 September 2022 that heralded £45bn of unfunded tax cuts threw the markets into turmoil, saw the value of the pound plummet and the cost of borrowing and mortgage interest rates soa...

House prices are the hot topic everywhere at the moment and there is a mixed picture of the value of our homes in the UK. Last month Halifax said that prices were unexpectedly up by 1.6% annually whilst another survey from Nationwide claimed that they had fallen 3.1% which is the biggest fall in 14 years. All of this makes it hard to decipher what exactly is going on for hous...

The market for rental properties is continuing to grow and monthly rent on newly let properties is still increasing on average. Across the country rents rose by 11% year on year in April and since we went into lockdown, rents have increased by 25% with strongest growth, unsurprisingly, in London. With rents on the open market rising quickly, tenants will face the choice of st...