Article source: EYE CORRESPONDENT (please link up to: https://propertyindustryeye.com/stock-levels-falling-and-chains-falling-through-due-to-sdlt-surcharge-propertymark/ ) Propertymark says it has received reports from agents outlining that property chains are falling through due to the additional 2%…
Category: Industry News
New Help to Build scheme ‘will create more stock for the property market’
New plans supported by over £150m in new government funding will make it easier and more affordable for people to build their own homes, the housing secretary Robert Jenrick has…
New 95% mortgage scheme has an instant positive impact
The number of 95% loan-to-value (LTV) mortgages has increased significantly in recent week, helping to fuel fresh demand for property, according to Statons. The company, like many estate agents, expects…
The world’s elite buy back into prime central London
Article source: MARC DA SILVA https://propertyindustryeye.com/ The super wealthy acquired more luxury homes in London than any other city in the world last year, the Financial Times reported. Property purchasers…
Another government green-scheme bites the dust
Article source: Marc da Silva https://propertyindustryeye.com/ Over the weekend, and just six months after its launch, the government ditched its flagship green homes grant scheme. The £1.5bn scheme was set…
Stamp duty extension ‘simply defers’ the cliff-edge …
Stamp duty extension ‘simply defers’ the cliff-edge as calls grow for big changes Article origin: Marc da Silva, https://propertyindustryeye.com/ The chancellor’s decision to extend the stamp duty holiday beyond the…
Stamp duty holiday will be extended until end of June
Article source: Marc da Silva https://propertyindustryeye.com/ Rishi Sunak is said to be preparing to introduce a three-month extension to the stamp duty holiday to allow more time for existing property…
Properties are taking longer to sell…
Properties are taking 29% longer than average to sell once under offer. Residential properties are currently taking almost a third longer than normal sell once under offer because of conveyancing…
Parliament to debate stamp duty holiday extension
The House of Commons has confirmed there will be a debate about stamp duty after a petition on the UK government’s website for the current stamp duty holiday until September…
Leasehold property sales could be abolished in favour of commonhold
Leasehold property sales could soon be scrapped in favour of commonhold, in accordance with recommendations made in The Law Commission’s ‘Residential leasehold and commonhold’ report in July 2020, after the…