Welsh government increases Land Transaction Tax threshold

Welsh government increases Land Transaction Tax

The Welsh Government has announced an increase to the Land Transaction Tax (LTT) threshold for houses to £225,000. The Welsh version of stamp duty follows the UK government’s announcement last week which also raised the threshold for house purchases from £125,000 to £250,000. The Welsh government also announced there will also be a “small increase” […]

Mortgage lenders close doors to new customers as BoE buckles up for crisis scenario

mortgage

Two of the UK’s foremost mortgage lenders have ceased to offer mortgages for new customers in what comes as a stark reflection of the economic climate faced by banks and consumers alike. Virgin Money and Skipton Building Society will offer no new mortgages, though already submitted applications will still be processed. Halifax will also stop […]

Keir Starmer reveals Labour’s plans to fix broken property ladder

starmer

Labour leader Keir Starmer has unveiled his party’s plans to remedy the ills of Britain’s housing market and help as many as 1.5 million people onto the property ladder. In an address to Labour’s annual conference in Liverpool, the Leader of the Opposition declared that Labour is “the party of home ownership in Britain today”. […]

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