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Chancellor unveils £30bn Budget spending boost
A massive £30bn stimulus package to boost the UK economy in the wake of the coronavirus outbreak has been unveiled by Chancellor Rishi Sunak. In his first Budget, he announced a business rates holiday...
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Bank of England cuts interest rate to 0.25%
The Bank of England’s move to cut interest rates in the wake of the Coronavirus outbreak has been welcomed by property experts. The Bank’s Monetary Policy Committee unanimously agreed to reduce the...
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Borrowers miss out by not switching mortgage deals
Up to 800,000 borrowers are missing out on cheaper mortgage deals because of a reluctance to switch to a new lender. Factors contributing to the decision not to switch include a lack of time and a...
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Stamp Duty hike for overseas buyers of UK property
As the rapid-fire presentation of a lengthy budget by The Chancellor, Rishi Sunak, came to an end there was a general view of a strong budget presented with a sense of triumph on the Tory benches....
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Entrepreneurs’ tax relief slashed in Budget
The controversial Entrepreneurs’ Relief on selling a business has been partially abolished in the Budget. Chancellor Rishi Sunak said the tax relief – which some commentators claimed was being used to...
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ARLA conference postponed due to Coronavirus pandemic
The ARLA Propertymark Conference & Exhibition due to take place on 24 March has been postponed until 2 September because of the Coronavirus pandemic. ARLA said the move had been made after careful...
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Who do you think you are?
It is absolutely right that landlords should expect first-rate tenant referencing. After all, they are opening up a home they own to total strangers and asking a letting agent to be their gatekeeper....
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Good news for mature landlords!
Gatehouse Bank has widened the eligibility criteria on its range of Buy-to-Let products, including an increase to the maximum age at the end of the term, from 85 to 99 years. The 99-year age limit...
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Savills reports 10% rise in revenue for 2019
High-end international property group Savills has reported a 10% rise in revenue for the 2019 financial year, with profits before tax stable at £143.4m. The company also reported a strong first two...
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House prices growing across all regions of the UK – RICS
House prices are growing across all regions of the UK as rising demand puts pressure on supply, according to RICS. Sales of new homes increased for a third consecutive month – but as the Coronavirus...
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The best place to sell your home in UK in 2019
The best place to sell a home in the UK in 2019 was Preston, where sellers achieved an average price of £214,325 – 121% of the average asking price of £177,177. In contrast, the worst place to sell...
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Blueprint for future of UK housing unveiled
A blueprint for the future of new housing in the UK has been unveiled by the government. Key to the proposals is a bid to identify and redevelop unused urban brownfield sites, while avoiding lengthy...
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Former Countrywide boss reveals his thoughts on LSL takeover
Former Countrywide lettings boss John Hards has revealed his thoughts on the future of the Countrywide brands following the company’s expected acquisition by LSL, and hinted that he doesn’t expect a...
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Budget ‘failed to tackle shortage of rented homes’
The Budget has failed to do anything to address the shortage of privately rented homes, say landlord organisations. They claim that recent tax hikes, including stamp duty changes on buy-to-let and the...
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Jenrick praised for attacking London mayor’s housebuilding record
Housing minister Robert Jenrick has been praised for his outspoken attack on London mayor Sadiq Khan for failing to meet the capital’s housebuilding needs. Andrew Southern, Chairman of property...
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Estate agents: note new tax rules for second homeowners
From 6th April 2020, if a UK resident sells a residential property in this country, they’ll now have 30 days to tell HMRC and pay any money owed. It means that, for some, it can be done without having...
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LSL withdraws from Countrywide takeover talks and confirms ‘no offer’
The much anticipated takeover of Countrywide by LSL has been called off following a short statement to the City this morning. After confirming that it had been in discussions with its competitor since...
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House price growth hits two-year high
House price growth has hit a two-year high of 1.8% as confidence returns to the market – up from -0.3% a year ago. Prices have been rising over and above normal seasonal levels in all regions and...
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£38m sale of Countrywide consultancy arm falls through
Countrywide has delayed the £38m sale of its commercial consultancy business, driving down its share price. The estate agency group was planning to sell off Lambert Smith Hampton (LSH) to Monaco-based...
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Making progress in conveyancing
Sorry, I’m going to have to pull out…” The words every agent dreads. There can be few things more frustrating – weeks of time and effort with initial viewings, second viewings, ID checks and liaising...
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