A Liverpool estate agent hopes Chancellor Phillip Hammond’s decision to abolish Stamp Duty for first-time buyers will help keep the city’s housing market moving. Helen Griffin-Booth, director at Bluerow Homes, says the measure could also give prospective homeowners a “more positive, optimistic outlook to owning their own home”. Helen was speaking after ... Read More...
stamp duty
Chancellor Phillip Hammond has handed first-time buyers a major boost in today's (22 November) Budget. Stamp Duty has been abolished with immediate effect on properties priced up to £300,000 for those purchasing their first home. According to the Chancellor this will benefit 95% of first-time buyers who pay the tax. Meanwhile, first-time buyers ... Read More...
Liverpool homeowners seeking to sell their property have been advised to "act fast" to take advantage of the current market conditions. New figures from LSL Property Services/Acadata show that house prices in the Liverpool City Region have risen by 5% in the last year. Commenting on the data, Helen Griffin-Booth, director at ... Read More...
A shortage of supply in the North West’s sales and letting sectors presents a “huge challenge” for the housing market, according to a new report. The latest RICS Residential Market Survey, which was conducted ahead of the government’s recent housing announcements, also revealed that new landlord instructions failed to improve for ... Read More...
Proposed changes to how stamp duty land tax is paid are ‘unworkable’ according to a local estate agent. Peter Bellamy, director at Northwood, was responding to Yorkshire Building Society’s call for the government to make sellers, not buyers, liable for the tax in order to help more people onto the housing ... Read More...
House prices in Liverpool have stabilised two months after Britain voted to leave the European Union, according to a local agent. Keppie Massie branch manager Debra Beach made the claim following the release of Nationwide’s latest House Price Index, which suggests prices across the UK rose by 6% year on year ... Read More...
Liverpool’s property market is continuing to attract "plenty of investor interest" despite the 3% Stamp Duty increase, according to city experts. Local agents reported a rush for deals on second homes and buy-to-let properties being completed prior to the rise being introduced at the start of April, however one month later the ... Read More...
Stamp Duty changes: What you need to know From 1 April, anyone purchasing additional property in England, Wales and Northern Ireland will have to pay an extra 3% Stamp Duty charge. First announced by Chancellor George Osborne in 2015, the new changes were confirmed in the recent Budget and apply to ... Read More...
Liverpool’s property experts have expressed concern over the government’s decision to go ahead with planned stamp duty reforms, as announced in the 2016 Budget. Agents are worried that the reforms will result in a decline in demand for residential property. Phil Hartley-Chambers, director at City Residential, says: “The budget was fairly unspectacular for ... Read More...
To avoid paying the new Stamp Duty Land Tax (SDLT) rates, a Liverpool expert is advising anyone in the process of buying a property to "complete, not exchange" by the end of this month. Ahead of reforms which will come into action on 1 April, Julia Casimo, partner at John Kerr Chartered ... Read More...