London developer extends stamp duty holiday to October January 21, 2021 London developer Galliard Homes has extended the stamp duty holiday by six months, with the property company footing the bill. The company has extended the holiday to 1 October, while the official government tax break ends on 31 March, amid industry-wide calls for the deadline to be delayed. Galliard Homes said the extension, which applies [...]
Is shared ownership right for me? Your questions answered September 23, 2019 Nick Lieb, head of operations at Share to Buy, explains who is eligible to buy a shared ownership home and what they should consider before they do Who is eligible for shared ownership?To be eligible for shared ownership, you must either be a first time buyer or you must not currently own a property. Purchasers [...]
Stamp duty holiday: Property experts split on benefits of tax break extension February 24, 2021 The government is reportedly planning to extend the stamp duty holiday to June, with buyers set to save £1.75bn on 300,000 additional transactions, according to the latest research. There are an estimated 628,000 sales in total still currently in the legal process across the country – including those agreed last year – data from Rightmove [...]
UK house prices grow at fastest pace in more than 15 years in April April 30, 2021 UK house prices grew at the fastest pace in more than 15 years this month, according to the latest research. The average house price was up 2.1 per cent month-on-month, the biggest monthly rise since February 2014. Annual house price growth rebounded to 7.1 per cent in April compared to 5.7 per cent in March, [...]
Most Help to Buy beneficiaries ‘did not need scheme’ June 13, 2019 The government’s Help to Buy scheme has been accused of subsidising existing homeowners, after it emerged most people who have bought a house using the programme could have done so without it. A National Audit Office report today said three-fifths of buyers could have bought a property without the support of Help to Buy, “but [...]
Outlook 2022: UK equities December 16, 2021 The UK holds many mispriced opportunities for stockpickers. Pick-up in M&A activity is striking. Stock market fit for the future. Sue Noffke, Head of UK Equities: UK shares remain cheap because of the perceived significant political and economic risks of Brexit, which continue to linger and depress the valuation of the UK stock market. We [...]
Issa brothers offer to sell 27 petrol stations to resolve Asda takeover competition dispute May 5, 2021 The Issa brothers, the billionaire businessmen who recently bought Asda, have agreed to sell 27 of their EG Group petrol stations to resolve a competition dispute related to the takeover. Last month the Competition and Markets Authority launched an investigation into the Issa brothers and TDR Capital’s takeover of the supermarket, saying the deal raises [...]
Channel 4: Some key questions about the Government’s privatisation plans answered April 5, 2022 The Government is set to proceed with plans to privatise Channel 4. City A.M. sought answers to some of the key questions about the decision. Firstly, why does the Government want to privatise the broadcaster? The Government has argued that Channel 4’s long-term future needs to be secured amid concerns for its survival in the [...]
New rules announced to help UK mortgage prisoners October 28, 2019 The City watchdog has removed barriers to help trapped mortgage customers switch to a better deal. The Financial Conduct Authority (FCA) today confirmed the introduction of new rules to help so-called mortgage prisoners, which are consumers who would benefit from switching but are unable to change to a more affordable mortgage despite being up-to-date with [...]
UK housing transactions soar in ‘sprint finish’ before stamp duty holiday extension March 23, 2021 UK housing transactions soared last month in a “sprint finish” to get deals completed before the initial stamp duty holiday deadline. Residential transactions in the UK were 45.5 per cent higher than February last year and 23 per cent up on January’s levels at 147,050, according to the latest HM Revenue and Customs data. The [...]