Sunak's stamp duty holiday behind surge in homebuyer interest

Demand for all UK property is up, but price range reflects chancellor’s £500,000 limit

The number of buyers looking for homes has surged in the month since the chancellor announced a stamp duty holiday, with demand for properties costing between £500,000 and £750,000 showing the biggest uptick, according to figures from the UK’s largest estate agency chain.

Between 8 July and 8 August, the number of people registering to buy across the country was up by 38% on the same period last year, boosted by the stamp duty holiday on properties costing up to £500,000, Hamptons International said.

Continue reading...

from Property | The Guardian https://ift.tt/31HY9pk
via IFTTT

Where’s the anger over these dodgy Tory deals? | Letters

Readers respond to a piece by Jonathan Freedland in which he addresses Boris Johnson’s cronyism and the wasting of taxpayers’ money

The sleaziness at the heart of Boris Johnson’s government should surprise nobody (It’s taken just 12 months for Boris Johnson to create a government of sleaze, 7 August). In the months leading up to his becoming leader of the Tory party, revelations about Johnson’s unreliability, dishonesty, self-interest and lack of concern for others filled many column inches in this paper and elsewhere.

But things are different now that he has his hands on the levers of power and an unassailable majority – secured off the back of not being Jeremy Corbyn and a promise to “level up” the regions. While success in the first objective was guaranteed, the prospect of rebalancing the relationship between London and the rest of the country was always likely to present a much bigger challenge – even before the pandemic.

Continue reading...

from Property | The Guardian https://ift.tt/31ACkrX
via IFTTT

Why are so many buyers escaping to the country?

Read the full story, here.

from Property blog https://ift.tt/33RiL1n
via IFTTT

What’s the most popular village in the UK?

Find out...

from Property blog https://ift.tt/33GfrpE
via IFTTT

How do I buy at an auction now?

Get expert advice...

from Property blog https://ift.tt/31BPtkz
via IFTTT

What capital gains tax will be due when my daughters inherit my flat?

My estate includes property bought in 1997 for £68,000 that is now worth about £250,000

Q I am an elderly widower. When I die I expect to leave my entire estate to my three daughters.

Part of that estate is a flat that I bought in 1997 for £68,000 but which is now worth about £250,000. What capital gains tax would be due – if any – when my daughters inherit? They will also inherit the family home, which has a current value of about £550,000.

Continue reading...

from Property | The Guardian https://ift.tt/3kw3gl1
via IFTTT

Renting with pets: How to make it work Nottingham Estate Agents

A pet can be a treasured member of the family – but not all landlords are willing to let animal owners take on a tenancy. According to the Pet Food Manufacturers’ Association, an estimated 40 per cent of UK households had a pet in 2019, from cats and dogs to ferrets and toads. And yet, […]

The post Renting with pets: How to make it work appeared first on OnTheMarket.com blog.

from OnTheMarket.com blog https://ift.tt/2wLQzic
via IFTTT