Capital gains tax could ‘be brought into line with income tax rates’ Capital gains tax (CGT) increases could be around the corner as the chancellor Rishi Sunak looks to find…
Category: Industry News
Revealing the bigger picture in estate agency finances
Every year, I review the annual accounts of the UK’s largest estate agencies to see how the market is faring and it has revealed a very interesting picture, with some…
Mortgage payment holidays extended for up to six months
Mortgage payment holidays are being extended for homeowners adversely affected financially by the pandemic. The scheme was due to come to an end on Saturday, but the government announced, as…
Which region has seen biggest asking price jump since the market re-opened?
Knight Frank has analysed asking prices for properties across England and Wales to discover which region has seen the biggest increase since the housing market re-opened in May. The data,…
Going up! Fastrack planning process to add 2 storeys to a property
Homeowners will be able to use fast-track planning process to add two storeys to their property. New laws laid in Parliament yesterday will deliver much-needed new homes and revitalise town…
Widespread relief that SDLT change has not been delayed until the autumn
Fabulous news yesterday that the SDLT announcements went further than we had expected. With an immediate increase in the tax free band to £500,000 for a fixed period until the…
Wet signature’ still required for mortgage deeds despite Land registry relaxations
At the beginning of May, with Covid restrictions in full swing, Land Registry made changes to the ‘Mercury’ signing rules for documents and deeds. The ‘Mercury’ approach facilitates virtual signings…
First-time buyers expecting price drops may be disappointed – Rightmove
First-time buyers have quickly returned to the property market but they may find that any hopes of the pandemic pushing prices down are dashed, Rightmove claims. The portal said the…
Enquiries soar as property market reopens but safety fears remain
A flurry of agency activity was reported yesterday as the property market was officially reopened but some firms are remaining cautious when it comes to viewings and protecting staff. The…
Government urged to safely bring property market out of lockdown
The nation is awaiting Prime Minister Boris Johnson’s plan for easing lockdown – due to be released toward the end of this week – but industry leaders have presented their…
