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Chancellor Jeremy Hunt announced several changes relating to property and housing in the Budget yesterday, which will affect home-owners and first-time buyers in the upcoming year.   Hunt had promised that “building homes for young people” was a priority in his speech, but some were left disappointed due to the lack of acknowledgement and changes …

7 property announcements made in spring budget 2024 Read More »

Martin Lewis is urging the government to do more to help ‘mortgage prisoners’ who have been stuck on high-interest rates since the 2008 financial crisis.   The call comes a year after a report outlining a solution to the problem was published, but is yet to receive a response from the government.   As explained …

Money Saving Expert Martin Lewis urges government to help ‘mortgage prisoners’ Read More »

Zoopla’s latest House Price Index for the start of 2024 has shown a ‘promising start’ for the UK housing market as sales agreed and new listings are up across all regions of the UK.   Despite concerns about a housing market crash last year, the new figures show a sense of confidence among both buyers …

Housing market off to ‘promising start’ in 2024, figures show Read More »

According to a recent industry analysis, 2023 saw a fall in property millionaire status to the tune of around 60,000 people by the end of the calendar when compared to the previous year.   This figure equates to a percentage drop of 8.3% (60,260 people) in people who can no longer refer to themselves as …

60,000 fewer property millionaires by end of 2023 data shows Read More »

Property owners whose fixed rate mortgages are set to end soon could save thousands of pounds this year as lenders have reignited a price war.   Just days into 2024, Halifax was the first to cut their rate on remortgage deals by up to 0.83 percentage points. The cut applied to two-year, five-year and ten-year …

Mortgage price wars as lenders slash rates to below 4% Read More »

As 2023 comes to a close, we have broken down the top property trends this year, as well as a look ahead into the 2024 forecast.   Whether you were buying your first home, upsizing, or selling, inflation rates have massively impacted the property market this year. According to the property experts Zoopla, 2023 was …

Top property trends of 2023 according to Zoopla and Rightmove Read More »

People who have purchased a property should be warned of the risks associated with using companies that claim to offer help with stand duty land tax (SDLT).   Sometimes, companies contact buyers claiming that they can obtain a refund for part of the SDLT already paid to HM Revenue and Customs (HMRC) after the purchase …

Stamp Duty Land Tax warning as bogus refund claims leave buyers out of pocket Read More »

If you are thinking about buying your first home within the next few years, it might be worth opening a lifetime ISA (LISA).   If you fancy getting a bonus just for saving money, as well as receiving tax-free interest on your savings, it could be something to think about. A lifetime ISA is available …

Lifetime ISA for first-time buyers explained – How they can help Read More »

House prices have risen for the first time in six months, according to new data from The Halifax.   It was revealed in The Halifax’s October House Price Index that house prices were up 1.1% – making it the first increase since March. According to the data, the increase means that the typical UK home …

House prices rise for first time in six months Read More »