Purchasing an additional residential property or acquiring a second home involves significant financial considerations, one of the most important being Stamp Duty Land Tax (SDLT). This guide aims to provide a comprehensive overview of everything you need to know about stamp duty for second homes, ensuring you are well-prepared and informed before making your next property...Read More
Ah, the UK economy, often the stuff of economic fairy tales, filled with promises of growth and prosperity. But, as the latest figures reveal, April was not a month for any such happy endings. According to the Office for National Statistics (ONS), the UK’s Gross Domestic Product (GDP) was as flat as a pancake in April,...Read More
This change marks a significant milestone for homeowners across England and Wales as the Leasehold and Freehold Reform Act has officially become law on 24th of May 2024. This landmark legislation, introduced by the Department for Levelling Up, Housing and Communities, aims to revolutionise the rights and protections afforded to leaseholders and freeholders alike. Here’s a...Read More
Today, official data revealed that the Consumer Prices Index (CPI) rose by 2.3% in the 12 months to April 2024, a notable drop from the 3.2% increase seen in March. This figure, though lower than the previous month, is slightly above the 2.1% predicted by economists. While progress has been made, it’s not quite enough to...Read More
Definition of Mortgages A mortgage is a type of loan specifically designed to help individuals purchase property, usually a home. In the UK, this financial product is a cornerstone of the housing market, enabling buyers to spread the cost of a property over an extended period, typically 25 to 30 years. The property itself serves as...Read More
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