Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000.
In London and other expensive areas, the first £300,000 of the cost of a purchase up to £500,000 by first-time buyers will be exempt from stamp duty.
Breaking News: Interest rates have increased
The Bank of England has just announced a 0.25% base rate rise. This is as most had predicted…
The base rate last changed in August 2016, when it was cut to a record low of 0.25% in the wake of the Brexit referendum. Before that, it had held steady at a historically low rate of 0.50% since March 2009.
Low-interest rates have been instrumental in the growth of the property market since the credit crunch. It has also been very helpful for making home buying more affordable for first-time buyers. However, the new current rate increase to 0.50% doesn’t need to spell doom and gloom, it’s just reverting to last years rate.
A rate rise will mean that anyone on a variable or tracker rate mortgage will have higher mortgage costs. However, an increase of 0.25% is unlikely to cause a huge impact on your household finances if you haven’t overstretched yourself on your mortgage borrowing.
Mortgage rates available now still look amazing and provide affordable payments to those looking to remortgage or buy a home.
Kevin Dunks at Number One Mortgages recommends that if you’re on the banks standard variable or tracker rate mortgage, or if you’re fixed term mortgage is ending soon, that you seek independent mortgage advice on how to get the best deal for your circumstance. Contact the experts at Number One Mortgages for help with your objectives – 01273 736536.
At Harrison Brant we are always looking for new and inovative ways to market our client's properties.
We are proud and excited to advise you that as from today we will be part of OnTheMarket.com
OnTheMarket.com is a state-of-the-art new website, which is dedicated to presenting properties beautifully, clearly and accurately. It features a clean, simple search and an elegant design with no distracting advertising and no unnecessary information – just hundreds of thousands of sale and rental properties looking their best.
We also wanted to share with you the OnTheMarket.com launch TV commercial which will be on air from Sunday 1 February.
So whatever your interest, if you’re in the market, do please take a look round OnTheMarket.com. And to find properties you won’t find anywhere else, set up a property alert today.
Harrison Brant becomes an approved trader with the Consumer Code Approval Scheme Members of The Property Ombudsman scheme celebrate their Sales Code approval with the Trading Standards Institute As a member of the UK’s largest property ombudsman scheme, Harrison Brant is one of 11,745 residential sales agents that have signed up to TPO’s Sales Code of Practice. The Property Ombudsman (TPO) has now become the first property organisation to have a Code of Practice approved by The Trading Standard Institute (TSI) under their Consumer Code Approval Scheme. More than 95 percent of the residential sales market is signed up to TPO’s Sales Code of Practice and redress service, which is a free, independent and impartial dispute resolution service for consumers. This news means all home owners and buyers using any of Harrison Brant’s two offices across Shoreham & Southwick are all covered by TPO’s Sales Code of Practice. Harrison Brant is now listed on TSI’s online directory of approved traders. Consumers will be able to look for TPO sales agents through TSI’s dedicated database on www.tradingstandards.gov.uk and through the Citizens Advice Bureau’s website, to find a member of an approved code in their area. TPO sales agents will now be able to display the TSI Approved Code logo in their advertising, branches and within company literature . Confirming the news, Property Ombudsman Christopher Hamer said: "I am delighted that TPO has become the largest organisation to win approval from TSI for its Consumer Code Approval Scheme. The TPO Code is a recognised set of standards throughout the industry but it is important that it is also seen as being independently approved by a credible organisation. "With the OFT’s withdrawal from the code approval process it is good news that TSI have stepped in to fulfil the important role of rigorous examination and approval for consumer-focussed codes." Mr Hamer added: "This news means that agents who are members of TPO actively offer the highest level of consumer protection for buyers and sellers. We are in active discussions with TSI to achieve scheme approval for the Lettings Code of Practice."
Stamp Duty Land Tax is to be changed at midnight after today’s Autumn Statement by Chancellor George Osborne. Apparently 98% of home movers will save money under the new scheme. Use this calculator to see how much you could save. http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm