Property sales predictions for 2017
The number of people buying homes is expected to fall in 2017, as landlords and owner occupiers are deterred in the wake of the tax changes and economic uncertainty, following the EU referendum result. The number of transactions is predicted to fall to 1.17 million according to the Council of Mortgage Lenders (CML), the lowest […]
£26k in property wealth for over-65s
Retired homeowners have earned an average of £26,000 from their houses this year, according to new research.
Stamp Duty Land Tax: Unintended consequences for leaseholders?
On the wish list of a number of my clients for this year’s Autumn Statement was the reform of Stamp Duty Land Tax (SDLT) rules introduced in April 2016. A broadsheet newspaper’s campaign to scrap the three percent surcharge applicable to anyone buying a second property clearly fell on deaf ears, with the Chancellor remaining […]