Tag: SDLT
Kwarteng announces Stamp Duty cut effective from today
LPL, like other conveyancers around the UK, are preparing for another peak in services demand as the announcement that stamp duty land tax (SDLT) would be cut as part of Kwasi Kwarteng’s mini-budget 2022. This is a permanent cut which is effective from today, so it’s no surprise that Rightmove’s traffic soared within an hour...
Eight steps to a successful mortgage application
Applying for a mortgage can be one of the most stressful parts of buying a home. We take a look at how to maximise the chances of your chosen lender saying yes. Obtaining a mortgage in principle before you make an offer on a property is a good way of showing the seller that you...
What to consider if you are buying a new build home
There are many benefits to buying a newly built home, however there are also some points that you should consider before going ahead. New build homes are a popular option, offering the chance to move somewhere completely fresh and in pristine condition. You won’t have any DIY to do and the property will be clean...
Zesty Lime Cocktail Competition Winner – Get the recipes!
We ran a competition within the LPL team and had some refreshing ideas for cocktails that star zesty citrus fruit. The idea which packed the most pucker was designed by Michael Collins. Congratulations! Michael wins the ingredients to make him and some mates his cocktail. Our runners up were Laila, Daniel and Louise who will...
Increase the value of your home by £50,000 in less than 48 hours
Research carried out by Rated People has found a number of quick fixes for home sellers that could result in substantially higher offers. With the Stamp Duty holiday extended until the end of this month, buyers may have a little more money to spend on a property. To maximise the purchase price, Rated People’s Home Improvement...
Stamp Duty surcharge introduced for overseas property buyers
On 1 April 2021, the government introduced a new Stamp Duty Land Tax surcharge of 2 per cent for buyers of homes in England and Northern Ireland who are from outside the UK. This means that overseas buyers will be required to pay an additional 2 per cent on top of the standard level of...
Online property portal says January 2021 busiest New Year ever
Online property portal Rightmove has announced that January 2021 was the busiest start to a new year they have ever seen. The organisation said that the number of potential buyers contacting estate agents about properties was up 11 per cent on the same period in 2020 and rental enquiries were up 22 per cent. Visits...
Mortgage approvals are up and low deposit mortgages are back
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...
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,...
