March Budget Should Address Property Tax
The Spring budget needs to consider stamp duty and address the tax placed on additional dwellings according to a number of property experts. The Spring budget is still just around the corner despite the recent resignation of Sajid Javid as Chancellor and the appointment of his successor, Rishi Sunak. The new Chancellor confirmed that the […]
Law Society And Bar Council Find LeO Budget Increase Unacceptable
Following the announcement from the Legal Ombudsmen (LeO), that there would be a 20% rise in the budget, increasing it from £12.3 million to £14.8 million, the Bar Council has launched an ‘outspoken attack’. The LeO has stated that the increase in budget in the next financial year will “radically” improve the time to deal with complaints and “eliminate […]
Help To Buy Vulnerable To Negative Equity
A financial services regulator has warned that Help To Buy users are extremely vulnerable to changing economic conditions and negative equity. Up to June 2019, 236,313 properties were bought with a Help to Buy Equity Loan. The Financial Conduct Authority (FCA) claim that 211,000 consumers had used Help to Buy to purchase their home by […]