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Leasehold shake-up on the horizon

Leasehold shake-up on the horizon

Ground rents for residential properties on long leases in England and Wales will soon be abolished, with further reform to follow. This first step in the government’s plan to reform leasehold law affects new leases. However, many homeowners will benefit immediately...
New Mortgage Adviser for principle Mortgages

New Mortgage Adviser for principle Mortgages

Principle Mortgages is delighted to announce Luke Catt as their new Mortgage Adviser following successful completion of the Certificate in Mortgage Advice and Practice (CeMAP). Luke, who has worked with Principle Mortgages for the past two years in a business...
Summer stamp duty changes

Summer stamp duty changes

The Chancellor’s Summer Statement introduced temporary changes in stamp duty land tax on homes, which prompted similar – but not identical – changes in Scotland and Wales. In his Statement on 8 July, the Chancellor raised the starting point for stamp duty land...
Changes to Stamp Duty Land Tax

Changes to Stamp Duty Land Tax

The Chancellor has announced some very positive news in regards to stamp duty, where by any new house purchase up to £500,000 will be exempt from paying any stamp duty up until the end of March 2021. This is a significant move and will certainly encourage consumers to...
Summer stamp duty changes

New opportunities for the housing market

The COVID-19 pandemic stalled property transactions and first-time buyer mortgage applications, but now the residential property market has opened up estate agents are scrambling to deal with pent up demand. Price outlook The range of forecasts is markedly wider than...
Mortgage applications up and running once again

Mortgage applications up and running once again

Over the past few weeks, the mortgage sector followed the rest of the UK’s businesses and went into lockdown. As restrictions have started to ease off, we’re pleased to inform you that mortgage applications are now back up and running, however there are still a few...

Upcoming changes to Property Taxation

From April 2020, there will be some changes to the way property tax is collected by HMRC. Here’s a breakdown of what you need to be aware of: Example 1 Current Legislation The last 18 months of ownership for a residential property are ignored for capital gains tax...

Twist again on buy-to-let

Buy-to-let investors will be hit by another tightening of the tax rules in April. When George Osborne announced in his summer 2015 Budget a variety of tax changes aimed at discouraging buy-to-let (BTL) investment, they came as a surprise. To ease their impact, the...