by Brendan Hall | Jul 15, 2021 | Property
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...
by Brendan Hall | Feb 25, 2021 | Mortgages
The average deposit paid by first-time homebuyers jumped by £10,000 in 2020. When the pandemic took hold in the first half of last year, it looked as if the housing market was headed for a fall, if not something more dramatic. There were problems about viewing...
by Brendan Hall | Jan 21, 2021 | Company news
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...
by Brendan Hall | Aug 12, 2020 | Tax
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...
by Brendan Hall | Jul 23, 2020 | Mortgages
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...
by Brendan Hall | Jun 11, 2020 | Mortgages
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...
by Brendan Hall | Jun 1, 2020 | Mortgages
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...
by Brendan Hall | Apr 22, 2020 | Uncategorised
Like many other sectors, the mortgage industry has experienced some upheaval as a result of Covid-19. Here’s an update from our the Principle Mortgages team explaining the current situation in more detail. Over the first few weeks of the lockdown, mortgage lenders...
by Jack Wilson | Mar 5, 2020 | Tax
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...
by Brendan Hall | Dec 12, 2019 | 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...
