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Property Archive
Buy To Let
The outlook for 2007
The buy-to-let boom is expected to continue this year as more people pin their hopes on rising house prices making up for inadequate pension savings.
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Flexible mortgages
A new breed of mortgage arrangement
The consumer today requires greater flexibility from their mortgage arrangement, which is why we’ve seen a significant increase during the last few years in the number of new-style schemes known as ‘flexible mortgages’.
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Key Numbers for the new year
The buoyant property mood continues
In the post-Christmas period, a heap of figures can be hard to digest. But the buoyant mood of the property market in 2006 means that the appetite for house-price statistics is keener than usual. So let’s list a few key numbers and some forecasts for the New Year.
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More about buy to Let
A mini "baby boom" continues to stoke the market
A current demand in the market for rented properties will fuel the buy-to-let market for a decade, the third largest buy-to-let lender said recently.
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No reform for stamp duty
Double-digit house price growth increases buyer’s liability
In the Chancellors tenth Budget speech he increased the stamp duty exemption threshold by just £5,000 to £125,000 – less than the amount house prices have increased since his previous Budget.
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Property taxes on the rise
The government coffers boosted by £3.4bn
More people than ever before are being hit by a combination of expensive property taxes, according to a recent report. Research by Halifax revealed that inheritance tax and the higher rates of stamp duty on homes contributed a record £6.7bn to the Treasury in the last financial year.
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Stamp Duty
Fewer homes escape the stamp tax threshold
Relentless house price inflation means that fewer than one in five properties now escape the £125,000 stamp duty threshold.
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The first home information packs
House sellers look to attract buyers
Just a few months into their dry run, the first home information packs have been completed and are already being used by house sellers to attract buyers.
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Typically house prices rose by the equivalent of £46 per day in 06
Making the average price of a UK home rise to £173,746
House prices scored their first double-digit gains for almost two years in December 2006, according to a recent survey from the Nationwide building society.
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