£750 Million in Less Residential SDLT

At £8.32 billion, Treasury coffers netted £750 million less in residential SDLT (Stamp Duty Land Tax) receipts across England in the financial year to the end of April, compared to 2017/18. This is despite just 16,000 fewer transactions taking place. All regions witnessed a fall in receipts except for the East and West Midlands. The…

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Move by Chr***mas!?

With Christmas already in sight, if you’re serious about selling it would be worth your while to do something about it now, rather than waiting until the Spring. For many, Christmas is a time for home making and buyers currently thinking of moving tell us they would love to be in by mid-December – and…

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What to do when your tenant does a runner

We all panic from time-to-time. Readers of this blog that are of a certain age will recall Corporal Jones running around the Walmington-on-Sea barracks shouting ‘don’t Panic, don’t panic’ in TV sitcom Dad’s Army. But panicking was exactly what Jones was doing. And tenants do, too, sometimes. Unfortunately, that can mean they desert your rental property…

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The Case for Letting Your Home

The tightening of the mortgage market has created opportunities for vendors who are understandably tempted to consider letting as a lucrative alternative to a sale.   Despite the Help to Buy scheme, the dearth of mortgage availability has meant that fewer would-be purchasers are able actually to buy. They are therefore forced to rent if…

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HOUSING AND BREXIT CONCERNS

Whether we are heading to the polls again in a few weeks’ time for the third time in five years remains to be seen, but the political parties should remember that it is more than Brexit on people’s agendas. A recent poll from Ipsos MORI for the Chartered Institute of Housing found as many people…

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BACK TO SCHOOL (UNIFORMS)

£3,485 is the estimated average cost of school uniforms for a child over the course or their school life (Reception to Year 11). The cost is equivalent to 4.31 months’ of a mortgage repayment or 3.31 months’ of average rent, although there are substantial regional variations. Across the North East and Yorkshire and the Humber,…

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TOP TEN MORTGAGE LENDERS

The UK’s top ten mortgage lenders lent a staggering £211.3 billion in 2018, increasing their market share to 78.7%, up from 77.1% in 2017. The top seven lenders retained the ranking they held in 2017, according to data released by UK Finance. The Yorkshire Building Society and Virgin Money swapped places in 2018, with Clydesdale…

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