Tag: house purchase
What the Stamp Duty Land Tax Holiday extension means
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,...
What are my options if I can’t move before the Stamp Duty deadline?
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...
Price transparency in conveyancing shows solicitors are affordable
When consumers were unaware of how much a solicitor might charge, half assumed that they were an unaffordable option. A new survey has shown that now that prices are easily available to view, only 10 per cent think they are unaffordable. At the end of 2018, the Solicitors Regulation Authority (SRA) introduced new Transparency Rules...
What Is A Property Chain And What Happens If It Collapses?
When you are buying and selling property at the same time, with people both above and below you, you are in the middle of a property chain. All the people in the chain will be dependent on each other. Most transactions will involve a property chain, as many people are reliant on their property being...
What Do The Stamp Duty Changes Mean For You?
The announcement of a temporary stamp duty holiday on the first £500,000 of all property in England and Northern Ireland has been done in an attempt to boost the economy, but what will this mean for many people either considering buying or in the process of buying. Stamp Duty in England and Northern Ireland is...
