LPL news – Stay informed with the latest property market updates, conveyancing insights and legal developments. Our expert team at LPL keeps you up to date with breaking news, industry trends and essential guidance on buying, selling and remortgaging your home. Trust LPL for reliable expert-driven property law news as it happens.
The temporary Stamp Duty holiday has been extended in an attempt to keep the property market active. In June 2020, the chancellor Rishi Sunak announced a temporary Stamp Duty holiday, cutting the rate of the tax on purchases of up to £500,000 to zero. The current rate of 0 per cent payable on the first...
Mortgage approvals hit a 13-year high in the last months of 2020, while the return of low deposit mortgages means that first-time buyers will have a better chance of stepping onto the property ladder. Despite economic turmoil, the house market has been buoyant as buyers look to take advantage of the Stamp Duty holiday, set...
We’re celebrating some of the women that help make LPL such a successful practice and dynamic workplace. At LPL, we’re immensely proud of our record on diversity and inclusion. Nowhere is this clearer than in the make up of our senior management team, where over 75% of our senior team are women. Louise Stephens-Pantoja, Head...
What is the stamp duty holiday? Last year, the government temporarily increased the amount at which stamp duty is paid to £500,000, for property sales in England and Northern Ireland. The move was aimed at helping buyers who might have taken a financial hit because of Covid. It could save them as much as £15,000,...
As well as the Welsh Government’s surprise raising of the rate of transaction tax on the purchase of second homes, the Land Transaction Tax (LTT) holiday in respect of main residences is due to end on 31 March 2021. For those thinking about buying a property in Wales, tax is likely to be a hot...
The end of 2020 saw house prices at a record high, helped by the chancellor’s Stamp Duty holiday, but what is likely to happen in 2021 as financial disruption continues? The property market slumped during the first lockdown of 2020, with prices down 0.5 per cent halfway through the year. However, following relaxing of restrictions...
Following a year of lockdowns and working from home, people are looking at their properties in a different light. Living close to their place of work is less of a priority, with other desirable qualities shooting to the top of the list. The Office for National Statistics has found that before 2020 around 70 per...
With the chancellor’s Stamp Duty holiday due to end on 31 March 2021, time is running out for those hoping to buy a property without a hefty tax payment. Once the break period ends, Stamp Duty will be payable once again on properties priced at over £125,000. The Stamp Duty holiday Implemented in the summer...
The Residential Property Surveyors Association (RPSA) has launched a new survey to rival those offered by the Royal Institution of Chartered Surveyors (RICS). Obtaining the right survey is essential when buying a property. It will detail any work that may be required and give you information about the condition and value. Buying a home is...
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