News Archive for November - 2017

Stamp Duty Reform, More New Homes, Possible Longer Tenancies

Stamp duty reform for first time buyers has taken pride of place in the Budget speech of Chancellor Phillip Hammond.

From today, all first time buyer purchases up to Ł300,000 have NO stamp duty, and if the FTBs are inside London there will be no stamp duty on the first Ł300,000 of their purchase.

This will make a significant impact on FTBs across the country and it's already in effect - the change started at midnight last ...

First Time Buyers Massively Over-Estimate Purchasing Costs

Two thirds of first time buyers over-estimate the cost of purchasing a home according to a survey from the NatWest.

The NatWest’s survey of 2,025 UK residents aged between 20 and 45 shows that over a third of those who don’t own a property today believe they will never be able to afford one; and an overwhelming 82% of those questioned believe Brexit to be damaging their chances of buying.

However, most striking in the survey is how ...